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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: lh56 who wrote (69059)5/18/2002 2:19:39 PM
From: mishedlo  Respond to of 99280
 
TOL chart looks conmpletely different than this one.

stockcharts.com[w,a]daclyyay[pd20,2!c50][vc60][iUb14!La12,26,9]&pref=G
Been selling every day nearly since 49% growth announced

biz.yahoo.com

32% short as well.

Oddly enough revenues do not seem to be acceleerating for TOL, but YHOO could be late in updating info.

Toll Brothers, Inc. designs, builds, markets and arranges financing for single family detached and attached homes in middle and high income residential communities in 21 states. For the three months ended 1/31/02, revenues rose 4% to $492.2 million. Net income increased 11% to $44.5 million. Revenues reflect an increase in housing units delivered and an increase in average prices of homes delivered. Earnings also reflect an improved gross margin.
Toll Brothers, Inc. designs, builds, markets and arranges financing for single family detached and attached homes in middle and high income residential communities in 21 states. For the three months ended 1/31/02, revenues rose 4% to $492.2 million. Net income increased 11% to $44.5 million. Revenues reflect an increase in housing units delivered and an increase in average prices of homes delivered. Earnings also reflect an improved gross margin.

BZH chart looks like crap
TOL chart looks reasonable

Personally it seems the top is in.
What more good news is coming from housing?

LEN chart not so great either but clearly at support

stockcharts.com[w,a]daclyyay[pd20,2!c50][vc60][iUb14!La12,26,9]&pref=G

Is that a bull pattern or is LEN ready to give up the ghost?

M



To: lh56 who wrote (69059)5/18/2002 3:34:55 PM
From: SirRealist  Read Replies (1) | Respond to of 99280
 
I agree that homebuilders could rise a bit more (TOL @ 36?) but both HOV & TOL report 5/29 and I'd be looking for a peak in advance of that date, or 7 days after. The multiples may seem reasonable but expecting 10x earnings growth after interest rates have bottomed and while unemployment peaks is unreasonable to me. What can drive such growth? jmho