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Press Release Announces That Kelley Wright Highlights the Following Stocks: Bristol-Myers Squibb and TCF Financial

Company Release - 7/21/2005 6:00 AM ET

CHICAGO--(BUSINESS WIRE)--July 21, 2005--Kelley Wright, editor of the Investment Quality Trends newsletter, says it is clear the cyclical bull reversal off the 2002 lows still has some gas in it. Read about Bristol-Myers Squibb (NYSE:BMY) and TCF Financial (NYSE:TCB). Click here for the full story exclusively on

Highlights from the July 15th Featured Expert column by Kelley Wright include:

Stock Updates

Bristol-Myers Squibb (NYSE:BMY): Just over two decades after the end of the Civil War, William Bristol and John Myers purchased a failing pharmaceutical company for $5,000. The pair soon saw profits mushroom with the successful introduction of a mineral salt laxative and the first commercially available toothpaste to include a disinfectant. Since its founding, Bristol has added extensively to its business and now divides its operations among Pharmaceuticals, Nutritionals, and Other Healthcare. At a recent price of $25, Bristol-Myers is on the brink of Undervalue with a 10% downside risk. From current levels the company has a 124% upside potential to an Overvalue price of $56, low yield of 2.0%.

TCF Financial (NYSE:TCB) is a financial holding company, with over $13 billion in assets. Traded publicly since 1986 the company has operations in Colorado, Minnesota, Wisconsin, Illinois, Indiana, and Michigan. In recent years TCF has become the 11th largest issuer of Visa cards as well as the operator of a major supermarket-based banking system in the U.S. TCF Bank offers the usual array of banking services, including deposit accounts, consumer loans, home mortgages, business banking, leasing, insurance, investing, and online banking. With branches open 12 hours a day, 7 days a week, company policy is to make TCF the most convenient bank in its client markets. TCF offers a competitive variety of deposit account types including: "Totally Free Checking," Senior Citizen Checking, VIP Checking, and Money Market Checking. TCF Bank is also one of the largest issuers of the Visa Debit Card in the U.S., with over 1.4 million debit cards issued. TCF enjoys success with clients from all economic levels, rejecting the banking standard "80/20 rule." Under this model banks seek to earn 80% of profits from the top 20% of the customer base. At the end of the first quarter TCF Financial saw its revenues rise from $233.7 last year, to $241.2 million. Income increased accordingly to $0.47/share from the $0.44/share made during the first quarter of 2004. The company announced that earnings were somewhat hindered by higher interest rates and increased competitions. Controls implemented to limit costs coupled with growth in loans and new accounts helped the company overcome flat growth in retail banking fees.

Read Kelley Wright's commentary about the cyclical bull reversal off the 2002 lows and get all of his complete stock profiles by clicking:

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