Toll Brothers Inc. (TOL) Chief Executive Officer Douglas Yearley said business is flat seven weeks into the homebuilder’s fourth quarter as buyers are temporarily holding back after an abrupt rise in mortgage rates.
“The move from 3.5 percent to 4.75 percent happened so quickly,” Yearley said in a panel discussion at the Bloomberg Markets 50 Summit in New York today. “There were some buyers that had to digest it.”
WS doesn't agree with you either. WS is forward looking. WS has all of the material suppliers to the home building/remodeling industry at 12 month highs right now. The home builders are either flat or up from where they were 12 months ago. TOL is down from $36 and up from its lows of $30ish, mid range for the past 12 months.
You are going to be the only one who is right on housing or you will be very wrong. At least I have a position on (long in TOL and recently closed my OC that was long and profitable).
On the other hand, you throw out all this garbage, get the thumbs down from everyone but SAGE (you may even be the same persons for all I know), and have no position. Shut up or put up is the expression. IS TOL the only board you post on. I still suspect you were fired from TOL, and it's personal for you.
My business if brisk. Your words are falling on deaf ears to all of us.