Toll Brothers no longer raking in the cash.
Wednesday, December 06, 2006
I have to say that the Bros. build a pretty sweet house. I've been in a few of them and they make my houses seem inadequate. Well, they're having finance troubles. Here are the headlines,
"Toll Bros. 4Q profit down 44 percent"
And then there's this,
"A higher-than-expected number of buyers canceled their orders in the latest quarter and the company walked away from land it had optioned, or acquired a right to buy, amid the housing slowdown."
Source- Yahoo News.
posted by author @ 9:13 PM,
