Tuesday, August 22, 2006

Toll Brothers: 57% slide

The performance of the luxury home builder Toll Brothers stock is the financial market's view of the once high flying home builders industry. In the past 13 months, Toll Brothers stock lost approx. 57% of its value. In addition, Toll Brothers Inc. reported this morning its fiscal third-quarter profit fell 19% as a downturn in the housing market resulted in a dip in revenue and caused the company to reduce the number of lots it controls.


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