Comment on Investors see opportunity as taxi medallion prices ‘bottom out’

Investors see opportunity as taxi medallion prices ‘bottom out’

Hurry up and buy New York City taxi medallions while they are still dirt-cheap, because a turnaround is likely coming. That’s the contention of some industry observers and investors, who have seen medallion prices crater as ride-hailing apps like Uber and Lyft have come on the scene. Taxi enthusiasts say now is the time to...

 

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