Thursday, August 26, 2010

Toll Brothers CEO Douglas Yearly interview with CNBC Exclusive

I was making breakfast for my son this morning. And over heard the CNBC interview with Douglas Yearly (Luxury Home builder). CNBC stated, Thanks to a tax credit, their Earnings per share came in at $0.16 cents, that's 30 cents above, according to CNBC exclusive. Toll Brothers stock (TOL) posted at 17.20 ^1.01(6.24%) during the interview. According to (source: Haver Analytics), Toll Bros home sales has dropped nearly 35%. But after doing some research, I think the company is doing just fine.  During the interview the question of the day was. "What does it take to get this market moving again?" Mr. Yearly stated, "What we need is GOOD NEWS, a run of GOOD NEWS will turn housing around.The psyche of Buyers is fragile." At this time Buyer's are Kings and Queens because of the great deals. And don't forget about the 4% interest rate.....

No comments:

Post a Comment