{"id":13625,"date":"2012-09-01T18:12:23","date_gmt":"2012-09-02T01:12:23","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=13625"},"modified":"2012-09-01T18:12:44","modified_gmt":"2012-09-02T01:12:44","slug":"pent-up-demand-supports-toll-brothers","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/01\/pent-up-demand-supports-toll-brothers\/","title":{"rendered":"A Swell Of Pent-Up Demand Supports the Surge in Toll Brothers"},"content":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha on August 24, 2012. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

{snip}<\/p>\n

TOL reported earnings the morning of August 22nd. The tone of the conference call was bullish and the market responded by pushing TOL to fresh 5 1\/2 year highs. TOL’s stock has increased around 136% since last year’s lows. TOL has gone from pricing in a new phase downward in the housing industry to pricing in a boom in less than a year. {snip}<\/p>\n


\n
\"In<\/a>
In the last 10 months, Toll Brothers has broken through years of churn<\/figcaption><\/figure>
\nSource: FreeStockCharts.com<\/strong>
\n<\/center><\/p>\n

TOL’s commentary during earnings calls usually provides valuable insights into the housing market, both in TOL’s niche of luxury homes and the market in general. I found the following commentary most interesting as posted in the transcript from Seeking Alpha<\/a>.<\/p>\n

Although TOL reduced guidance for community count projects from a range of 230 – 245 to 225 – 235 (due to complex local land entitlements which significantly slow down the building of new homes), TOL is overall riding the crest of “…the most sustained demand [it’s] experienced in over five years.” {snip}<\/p>\n

{snip}<\/p>\n

As I wrote earlier<\/a>, I think it is time to hedge holdings in homebuilders as multi-year milestones get hit. Stocks throughout the industry are experiencing their strongest and longest rallies since the 2008\/2009 lows as the American domestic market finally looks more attractive relative to international markets. When the correction happens, I do not expect a sharp fall, but the dip will likely be the last opportunity in a while to participate in this recovery at cheaper prices.<\/p>\n

Be careful out there!<\/p>\n

(This is an excerpt from an article I originally published on Seeking Alpha on August 24, 2012. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

Full disclosure: long KBH<\/p>\n","protected":false},"excerpt":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha on August 24, 2012. Click here to read the entire piece.) {snip} TOL reported earnings the morning of August 22nd. The tone of the conference call was bullish and the market responded by pushing TOL to fresh 5 1\/2 year highs. TOL’s … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[220,35],"tags":[95,37,36],"class_list":["post-13625","post","type-post","status-publish","format-standard","hentry","category-earnings","category-housing","tag-housing-market","tag-tol","tag-toll-brothers-inc"],"yoast_head":"\nA Swell Of Pent-Up Demand Supports the Surge in Toll Brothers - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/01\/pent-up-demand-supports-toll-brothers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Swell Of Pent-Up Demand Supports the Surge in Toll Brothers - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"(This is an excerpt from an article I originally published on Seeking Alpha on August 24, 2012. 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