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$24.20 -0.87 (-3.47%)
9/5/2008 4:01 PM

Toll Brothers, Inc. (TOL)

CAPS Rating:
*

Designs, builds, markets & arranges financing for single-family detached & attached homes in luxury residential communities. Also involved in projects building, or converting existing rental apartment buildings into, high-, mid- & low-rise luxury homes.

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4

Avatar joeku (< 20) Submitted: 2/28/08 2:12 AM : Underperform Start Price: $23.61 TOL Score: -11.84

housing is suffering prolonged and deep retraction.
there is no way we're seeing bottom at this moment.
I'd say it'll be until spring/summer of '09 before we see any sign of housing firming up. Until then, TOL is an underperformer in my view.

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Avatar jlrith (93.12) Submitted: 5/28/08 5:03 PM

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I agree that TOL will be flakey over the short run as it is housing and will be affected by the housing down turn in general. In the longer term I believe that Toll Brothers will do quite well as they should weather the decline well as luxury homes have not been hit hard by the housing issue, the credit crunch or the economic downturn in general. 2009 for stabilization of the housing market is a fair bet, although we may see more gains and losses in the meantime. I think it will be a number of years past that until we see steady growth in the housing market as prices have not corrected fully in most markets and people will be skittish to get into an iffy market.

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