Toll Brothers Home Builders- crushed earnings

[mk378]

Decline in price of lumber and other house building materials gave custom builders a windfall. The buyer's contract was based on 2021 prices.

 

[MNgopher]

The stock has had two trading days to allow exits at the seven percent run up 48 hours ago after earnings release. Yet the stock kept it's gains after release of earnings and forecast.

Stocks are often priced on the future, not their past, or even current. A seven percent price increase on a mid cap after earnings release, in a sector getting brutal press, likely implies people much smarter than me feel quite good about roll brothers forecast.

Same brain trust that brought us the last housing downturn? Good luck with that in the long run...

 

[Dave Hess]

Have cash ready for next year if you want to buy property.

 

[BMWTurboDzl]

Have cash ready for next year if you want to buy property.

This.....

 

[GON]

Brutal day on Wall Street today- except homebuilders were all green.

Leading the way today Lennar Homebuilders, up over three percent today, while the dow, nasdaq, and S&P all deep in the red.

https://www.google.com/finance/quot...hUKEwiFt-68jP37AhWEJn0KHZIsChIQ_AUoAXoECAEQAw