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Varchild2008 (84.50)

*Danger* JIM CRAMER is Wrong (TCB) Is a strong buy!

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March 20, 2009 – Comments (1) | RELATED TICKERS: TCB

Jim Cramer gave a "Don't Buy" to TCF Bank just now.  The show's on my television set cause no NCAA Basketball game starts for another half an hour.

Anyhow.... For that "caller" who called Jim about TCF Financial.

Believe me... TCF BANK is the best bank to put your money in.  This goes to $15 a share in 6 months or less, (or even higher than that).  I'll stake my entire reputation on it.

TCF Financial has waaaaaaaaaaaaaaaaaaaaaaaaaaay   too many good things going....

How in the world can you NOT buy a bank carrying a Savings Account of 2.25%????? You get that every month!

Compare that to:

JP MORGAN:   .01%
PNC FINANCIAL:  .15%
Bank of America:   .20%

TCF Financial:  2.25%

Guess what I did this week?  I stuffed some of my own cash straight into a Power Savings Account at TCF Financial.

Guess what my brother did???

Guess what more and more Michiganders are doing????  Guess????  Seriously.. Go Take a Gander!

Catch my drift????  JIM CRAMER  is poison.  TCF is a buy.

1 Comments – Post Your Own

#1) On March 20, 2009 at 6:52 PM, Varchild2008 (84.50) wrote:

OOPS... CLARIFICATION NEEDED!!!

2.25%  Was Wednesday of this past week's rate in Michigan.

That Rate last week was 3%.... And in 2007 it was 4%.

The trend may be that it is going down but as more people pile their money into TCF Financial's far better Savings Account rates, why in the blazing balls is Jim Cramer dissing this one?

TCF never exposed itself beyond 5% in the mortgage mess.
It's credit defaults are so small and manigable that they are giving back their TARP. 

And guess what?  The Housing Market has already bottomed out in Michigan.  Some properties are starting to gain in property values!  Others are sidelined... Bottomed...

TCF Financial is an excellent bank carrying a 25 cents a share dividend unless they gets cut.  Even if it gets cut I don't expect anything more than a 50% cut to 12 cents a share...given the sheer growth in deposit cash.

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