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Re: Real Men of Genius ...      5-Nov-09 04:10 am    
And, one more consideration concerning future revenue numbers ... if Medallion Bank finances the possible Rangers acquisition (or debt included in another acquisition), that would add to revenue numbers ...

Consider how a $200 million loan would impact revenue ...

Remember in the last quarterly report they said, "borrowing costs of 1.91% on our medallion loan revolving lines of credit, a spread of 4.42% for this low-risk, high-quality loan portfolio" ...

Let's say they gave HMR a 6% loan for $200 million for the bid ... the spread would be 6-1.9 = 4.1% So, just in interest that would add .041 x 200 = $8.2 million plus fees. Or, in other words, stronger revenue numbers from previous years. All I'm saying is that a lot can change in very short order here ... stand by.
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Medallion Financial Corp. (TAXI)

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