The title says "shakes up"... I'd say more like "destroys" or "calls into question"
To be fair to Toll Brothers, this rallying market probably would have ignored the homebuilder's disappointing outlook, were it not for the dearth of news on Tuesday.
But in the absence of other notable news, everybody paid attention and Toll plummeted along with fellow homebuilding stocks. The Philadelphia Housing Sector Index closed down 5.4%, led by Toll's 13.6% plunge, a 10.4% drop in Meritage Homes and an 9.7% drop in D.R. Horton
November 08, 2005
Toll Shakes Up Economy's Foundation
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2 comments:
Alan Greenspan's data missed the inflation of housing costs. Big Time!
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