Sell Alert: TCF Financial Corp. (TCB)
TCB was recommended by The Prudent Speculator at $10.04 in Investment Digest
issue 712, dated February 1, 2012.
“The stock trading not too far from our Target Price, and content with the 19%
or so advance thus far in 2013, we chose to cash in our modest winnings on
TCF Financial (TCB $15 NYSE) at prices no lower than $14.50. ... Our original
recommendation of TCB came at $12.03 in June 2008, so this one ends up a slight
winner, perhaps something of an achievement given the timing of our initial
buy decision. TCB now trades for more than 16 times estimated 2013 earnings
projections and we think that there are far less expensive names available
elsewhere in the Financial sector.”
John Buckingham, The Prudent Speculator, 4/29/13