Well, TCF just paid their risk management executive 1.27 million dollars in severance.Watching the performance the past several years one has to ask if this is a well run ship. The stock price is about 1/3 of what is was 7 years ago (no splits, it's down that much) and the dividend is now 20% of what it once was. Why is it taking so long to start moving forward?
There are so many other opportunities out there that are better than this one. Everyone keeps waiting for the sale of the company as the only way to make a buck off this stock. I think if a sale at acceptable prices could occur it would have happened. I do not think a big premium in share price will occur with a sale as there is no one who is willing to buy tghe company for what the executives "think it is worth". Timing is everything and TCF is about 7 years too late.
I would recommend NCT or NRF for dividends and capital appreciation. If you think we will have a strong market look at domestic CEFs selling at 10% discounts yielding 10% with the added benefit of having the dividend being about 85% tax deferred. Nice dividends, capital appreciation, diversification and tax advantages. GLTA!