Published on 26 Jul 2023 on GuruFocus.com via Yahoo Finance
Medallion Financial: Plenty of Optimism on Strong 2nd-Quarter Results
Medallion Financial Corp. (NASDAQ:MFIN) is a commercial finance company that originates and services loans in various industries in the U.S. It operates through four segments: Recreation Lending, Home Improvement Lending, Commercial Lending and Medallion Lending. The company is active in automobile loans, real estate lending, equipment leasing, business acquisition loans, personal loans and credit card refinancing loans, among other types of commercial and consumer loans. With the second-quarter results having just been released on July 24, there are several positive things to monitor as this financial services company has an optimistic outlook.
Key points of second-quarter results