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Monday May 15th 2006

'Bank Shot'

#10 - CBH  (COMMERCE BANCORP INC)
"The 10th of my best of breed retailers is Commerce Bancorp (CBH).

Vernon Hill, the CEO of CBH, he runs it like a retailer.  You know, he got angry at me for calling his branches 'branches!'  They're 'stores.'

His is the only bank in America to measure their performance on a same-store sales basis which, frankly, is brilliant!

Now, it's ready to rock with its earnings.  I think this thing will be like a coiled spring when rates turn.  And it should also benefit bigtime from all those Bank of New York branches that are going to JP Morgan.

Whenever there's chaos in the branch network, it's hallelujah time for CBH!  Yeah, because it capitalizes opportunistically on the disruption and takes market share of all the retailers that I've mentioned on this show.


Bottom Line:  Remember, the best two guys you need to check out are SBUX  for China, and CBH because it's the only bank that's run like a retailer!"

(Cramer's Charitable Trust owns this stock)
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