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$19.93 -1.26 (-5.95%)
10/7/2008 1:43 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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Avatar SapphireSeas (77.21) Submitted: 5/16/08 9:29 AM : Outperform Start Price: $25.42 TOL Score: -19.12

Subprime and Credit crises have pretty much bottomed out. Only a few Goliaths like Toll have the underwriting power to weather our current housing slump (which is set to continue). Servicing a sector of the market catering to the wealthy doesn't hurt, either.

Housing Starts for April / May 2008 are up 8.6%. Yes, there is a seasonal component to that number, but it really represents much more than that - it's a long-awaited ray of light in a very troubled industry that still has a long way to go before we recover from Recession.

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