Someone explain me how stock manipulator and insider-trader Bob Toll will avoid spending quality time with Bernie Ebbers and Scott Sullivan? He sees the numbers, he knows we're in meltdown mode, yet he goes out and pumps his stock (before he sells even more).
Nice to see DR Horton's CEO understand his obligations under the law, and just tell the truth today.Toll Brothers CEO Bob Toll (looking to dump more shares, skirt the SEC) - "Fifteen months into the current slowdown, we may be seeing a floor in some markets where deposits and traffic, although erratic from week to week, seem to be dancing on the bottom or slightly above"
DR Horton CEO (wanting to avoid jail time): "We're in the very early stages" of the current housing slowdown. "Most of these downturns are longer and deeper, and right now we don't see anything on the horizon that would change that opinion. We continue to see a very challenging industry environment for fiscal 2007."