Buying in the low $7's and selling on the way up...isn't this a great country. Still love the fundamentals of SPF. Higher home prices with better margins, land that they currently own at lower that market prices and being in the markets that are strong right now.
With a little market upswing and a bit of good news, we could see a nice short squeeze in the making. Again, the expansion of the headquarters and warehouse space wasn't done on a whim. One look at the balance sheet and you can tell this is a fiscally conservative company.
Another first time home buyer tax credit would give the economy a swift kick in the pants...probably five times more than Obamacare, and a hell of a lot less expensive. Plus the added benefit to reducing unemployment.
One area of concern may be the drop in assets of just under 1.8 million, while liabilities dropped just under 600,000. Not exactly the trend you're looking for if the company is turning the corner.
Still love the fundamentals and the markets that SPF is in...plus the business plan of higher priced homes with better margins. Gotta love this stock.
And we don't have to contend with the slow housing market that cold weather builders do in the northern markets during the next several months...still love the fundamentals of SPF.
I have some ice I'll sell you in the Artic Ocean, as long as you're spending money.
Based on the trend, it should go back up within a couple of weeks...gotta love this stock!
We may even get another chance to reload this week. Still like the fundamentals of SPF...mid to upper tier homes, land holdings and strong housing markets that they are in.
And you don't sign a lease for a new building in the prospects for future business are flat or trending down...read the tea leaves. There must be a increase in business on the horizon.
Sept 3 (Reuters) - "Toll Brothers Inc's quarterly income more than doubled as the largest U.S. luxury homebuilder sold more homes at higher prices.
The company's net income jumped to $97.7 million, or 53 cents per share, in the third quarter from $46.6 million, or 26 cents per share, a year earlier.
Revenue rose 53 percent to $1.06 billion in the three months ended July 31 - a period just after the spring selling season, which is to homebuilders what the holiday shopping season is to retailers."
The numbers should bode well for SPF going forward also.
Bought again today at 8.15...looking for a slight bump this week to sell above 8.40. Gotta love this stock. Still great fundamentals and positioned well in the mid to upper priced homes where margins are higher and they increase the value of the land holdings they already own.
Housing starts and permits rose much more than expected in July, while consumer prices remained tame last month.
Housing starts soar to 2014 peak
Starts rose 15.7% in July to 1.093 million, the highest level since December's 6-1/2-year peak and far better than the 963,000 expected. Permits were also up sharply, to 1.052 million. The closely watched single-family home gauge rose 8.3% to 656,000, reversing a 2-month decline.