Forward-Looking Markets?
Some of the Toll Brothers houses
They say that the markets are forward-looking, 6 months into the future.
There are 7 million unsold homes in the U.S.A. right now. Is this expected to correct in the next 6 months?
19-Sep-08 Price hit new 52-week high ($28.00)
New 52-week high for [[TOL]]! A luxury home builder with -$1.90 earnings per share. Either the specialist is holding this up, or some tax breaks are expected/built-in.
(After browsing the TOL web site I suddenly feel very sad (well, sadder) about what’s happening with the economy.)
You can find here more interesting things like S&P/Case-Shiller Indices.
Bob Toll is the Jamie Dimon(SP) of the housing industry…. web site excepted… he has been fairly honest and is preped to act as a vulture on the rest of the industry as soon as he thinks the timing is right.
Ok, so you’re positive on them? Answer this: would you buy their stock now to hold for a few years?
I havn’t looked at the charts, I figure they bottomed with the banks.
There are still some Homies that are going to get some pain….
I’m just saying toll brothers is the best of them.
so if I wanted one… that would be the one to buy.
I think TOL was on Teresa’s long list last night, but not sure.