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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (19378)12/22/2004 6:34:35 PM
From: mishedlo  Respond to of 116555
 
Here is a post from RodgerRafter entitled Actions Speak Louder Than Words
From Rodger:

Words (From the earnings press release):
12/9/04 Robert I. Toll, chairman and chief executive officer, stated: ``Demand remained tremendous for Toll Brothers homes throughout Fiscal 2004 (and has continued through the first five weeks of our Fiscal 2005)."

Actions:
CEO Robert Toll
12/10/04 Sold 988,700 shares at $64.171
12/13/04 Sold 250,000 shares at $62.952
Director Bruce Toll
12/13/04 Sold 500,000 shares at $63.027
President Zvi Barzilay
12/10/04 Sold 100,000 shares at $64.479

Sure, these guys have sold shares fairly often this year, but never in such large amounts. Last week we had a good thread discussing whether or not new home construction has reached its short and long term peaks. The actions of the bosses at Toll Brothers seem to indicate that they think it has. We'll learn more tomorrow at 10:00 AM Eastern, when the new home sales figures come out.

If you missed the thread last week:

boards.fool.com