Posted on 12/22/2006 6:50:42 PM PST by MeneMeneTekelUpharsin
Run for your lives!
Are these the Toll Brothers builders - HOUSING?
If yes, they're cutting their loses.
The RE market is in the toilet.
He just needed some spending cash for Christmas.
That was over the LAST three years.
Things have changed and not for the better in the housing market.
and all the while, the wall street analysts were telling the "little guy" to hold, to ride it out.
No! Toll House Cookies. NYC ban fat people don't ya know.
Get the money in cash and make a run for the border.
You had to go and write what I was thinking so all could see it. Shame.
If I had stock in the company, I would have sold it at that point.
Whether the show was current or an archive, I couldn't tell you.
Wish you could document that.
>>Wow. Didn't know they were selling THAT much. That is a significant amount of stock moving by an insider.
These were all options related sells. No impact on actual holdings.
Similar stories were published in 2002 about him selling 700k shares.
The stock then ran from 10 to 50+!
Does not the fact that he is selling them instead of keeping them and letting them appreciate in value indicate anything at all?
I think Bruce Toll is a republican. He recently was one of the major investors in the group that bought the Phildelphia Inquirer and Daily News. Perhaps this massive sale of stock has something to do with that (it cost him something on the order of $25M to buy in and the paper is not doing well, threats of strikes now as they try to contain costs).
>>Does not the fact that he is selling them instead of keeping them and letting them appreciate in value indicate anything at all?
It means that he feels that his several million share holding is sufficient and financial analysts recommend a little diversity; or he may just want some free cash to spread around ...
"It means that he feels that his several million share holding is sufficient and financial analysts recommend a little diversity; or he may just want some free cash to spread around ..."
NOOOO!!!! It means there is a vast RE conspiracy that is plotting to destroy us ALLLL. BWAAAHHHHHAAHAAA
>>NOOOO!!!! It means there is a vast RE conspiracy that is plotting to destroy us ALLLL. BWAAAHHHHHAAHAAA
Shsssh ... We don't want Rove's secret to get out!
>>Does not the fact that he is selling them instead of keeping them and letting them appreciate in value indicate anything at all?
Guess the date of the following press release and guess which way the stock went!
Huntingdon Valley, PA, May 15, 2xxx -- Toll Brothers, Inc., (NYSE:TOL). It was announced today that Bruce E. Toll, Vice Chairman of Toll Brothers, Inc. sold 700,000 shares of Toll Brothers stock over the past several days. Although his 144 filing was for 1 million shares, Bruce E. Toll, having completed the sale of 700,000 shares, has informed the Company that he does not currently intend to sell any additional shares and has amended his 144 filing accordingly. Following this sale, Bruce Toll still owns over 9 million shares of Toll Brothers stock - which is over 11% of the total outstanding shares of the Company.
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