That's all I've got to say.
LOL.
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 12/13/2009 12:00:30 PM PST by FromLori
In an interview with Bloomberg Friday morning Bob Toll, CEO of Toll Brothers, says the housing market is “coming back”. He sees the pressures in real estate alleviating as consumers rebound and government programs help boost up the market. Toll says we’re on the verge of a “serious good time”:
I don’t see prices going down any longer. I think you’re gonna see them start to go up. As they accelerate we’ll get closer to a serious good time again, but we’re not there yet.
Despite this, the Toll Brothers CEO has dumped hundreds of millions in stock and company execs continue to dump shares on the market as we speak. For Bob Toll, it looks like a win-win. His “serious good time” scenario will result in further profits (and bonuses) whereas he has essentially hedged himself from massive losses (via his stock sales) if the real estate market retrenches. For the American public the scenario is a bit different. The “serious good time” means the bubble is coming back to American real estate. We all know how that will end. And buying Toll stock from the man who sold it? Well, that will likely turn out the same way….A boom before a bust….
ping
He needs to share some of his smoke, I read that there is 3-4 million inventory of unsold houses.
like glenn beck said friday dont listen to what they say watch what they do. someone should have asked him whats going to happen to prices when the banks dump the 7 million foreclosure shadow inventory on market. hope people dont buy this crap
During earnings conference call many years ago he was arrogant, boisterous and snobby. No way on this one and I pass.
We are on the hook for a Trillion on FHA alone
http://online.wsj.com/article/SB10001424052970204908604574334662183078806.html
trillion for Ginnie
http://www.foxnews.com/search-results/m/25911600/meet-ginnie-mae.htm
Why would why I purchase, or finance the purchase, of assets that will most likely decrease in value? The economic uncertainty created by this administration exacerbates, or at the very least, perpetuates, the situation.
Bob Toll has already done this at least 3 times. That the market has allowed this, pricewise, and the SEC has allowed this, BS-wise, speaks to the complete and total corruption pervading the US stock market. That among the US homebuilders, not *one* of any size has gone BK in the orgy of overbuilding we saw, when probably 60% of them went BK during the last downturn which was nowhere near as massive as this last one was, is inexplicable. Nevertheless, only price pays, as they say.
That's all I've got to say.
LOL.
I guess not a whole bunch of people would be guilty if that were the case you have plenty of pumpers on shows like Cramer lol he told people buy, buy, buy last year and many of them listened and lost their life savings.
Buyer beware.
From what I understand Cramer can't own the stock he pumps. This guy is the owner of the company. This HAS to be considered price manipulation.
Yeah, the NYSE used to publish the VOLUME of daily trading. They stopped doing that the the DOW jumped. The current 10,000 + on the DOW is curious. Like they say out west about the Platte River. It is a mile wide and an inch deep.
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