2Q24 results show worrying trends that must be addressed immediately.Core charge-offs (YoY), ROAA, ROAE and holding company cash-burn trended poorly.Quarterly earnings, ROAA and core ROAA (Ex. Taxi Medallion) are at 3-year lows.Low Price/Tangible Book Value multiple may be an indication of market skepticism despite Russell 3000 inclusion.ZimCal believes that Medallion Financial Corp. has tremendous upside with the right governance and leadership.ZimCal previously provided MFIN with a version of its “5 Steps ...