Toll Brothers Had Today's Big Bubble News
"Home builder stocks played like closely packed dominoes Tuesday, and when Toll Brothers Inc. pulled back on its 2006 home sales forecast, there went the neighborhood.
Scottsdale-based Meritage Homes Corp. (NYSE: MTH - News) shares dropped a little over 11 percent on the day, finishing down $7.38 to $58.27. Toll (NYSE: TOL - News), which builds luxury home communities in Valley and currently lists 15 single-family home communities, as well as Scottsdale condo and townhome projects, dropped nearly 14 percent, finishing up at a per-share price of $33.91, down $5.50."
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Scottsdale-based Meritage Homes Corp. (NYSE: MTH - News) shares dropped a little over 11 percent on the day, finishing down $7.38 to $58.27. Toll (NYSE: TOL - News), which builds luxury home communities in Valley and currently lists 15 single-family home communities, as well as Scottsdale condo and townhome projects, dropped nearly 14 percent, finishing up at a per-share price of $33.91, down $5.50."
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posted by Little_Silvered at 5:39 PM
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