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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (13085)	9/19/2001 3:35:37 PM
From: Paul Senior	Read Replies (2) of 78523

Adding to TAXI. Selling RGR and trimming position in REY. finance.yahoo.com Tourism in NYC will decline now I'd guess. And business travel to/from NYC also. So Medallion Financial (TAXI) might very well suffer. But cab drivers will do what they have to to pay off their loans to Medallion. There might be some decline now in cab-top advertising revenue. That will eventually be overcome. TAXI should be able to come through this, even if they cut their substantial dividend. (There is no indication now that the dividends will be diminished from their current levels.)

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