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TCF Financial Corporation Message Board

  • tom_richards405 tom_richards405 Jan 27, 2013 2:41 PM Flag

    tcb should be shorted very soon

    I'm lowering my price target to 10.50 glta

    Sentiment: Strong Sell

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    • How's your short working for you?

      Sentiment: Hold

    • well shorted today at 13.55 lets see

      Sentiment: Strong Sell

      • 1 Reply to tom_richards405
      • What do you base this on ? The stock is selling at a 50% discount rougly to its all time high with earnings growth forcasted moving forward for three years . They have continued to write down and clean up the books in a conservative manner that will be rewarded going forward in economic recovery. TCB has a 10% short interest that needs to be coverred or interest and dividends must be paid while the stock climbs and there have been nearly 10 upgrades for forward earnings in March , and every quarter moving forward to 2014 . The stock is rated a buy at S & P and other conservative rating agencies . There are good stocks to buy with cash over shorting a regional bank that has always been able to capitalize on economic downturns . If they are to be critisized it would be because they haven't expanded into AZ , or gone for market share in Southern Growth States like KEY bank has but they have expanded their floor plan loan business agressively iin North America with a firm push to expand in Canada . Canada being resource rich is doing very well overall and this appears to be a very smart move . I think we will see coverring during this year as the stock sets in higher lows and highs reaping rewards for patient investors .

 
TCB
16.27-0.06(-0.37%)Jul 6 4:02 PMEDT