Wednesday, March 09, 2005

Toll Brothers: Sell!

Today Theodore Mantle over at The Wall Street Examiner points out that the Toll family has been cashing out of Toll Brothers Inc. in a big way. "Insider stock sales in just the last 2 weeks totaled over $170 million. The sales of Chairman Robert Toll and Vice Chairman Bruce Toll alone totaled over $154 million."

And if you check insider transactions here you will see that they were busy exercising options to buy and then selling for several months prior to that.

4 Comments:

At 7:16 PM, Blogger mspenelope said...

http://www.amazon.com/exec/obidos/tg/detail/-/0385514344/qid=1110417736/sr=8-1/ref=pd_csp_1/102-7911859-6236911?v=glance&s=books&n=507846

Hi Ben,

The link above provides another reason why "Dr" David Lereah is so bullish on Real Estate.

This link below has a good story as well.

http://www.financialsense.com/editorials/rostenko/2005/0309.html

 
At 8:22 PM, Blogger Ben Jones said...

Thanks Ms. P,
I didn't know about the book. Not a very objective guy to be the cheif economist at NAR. The Financial Sense piece was great too. Keep up the good work!..Ben

 
At 9:29 PM, Anonymous Anonymous said...

so my question is "who in the world is buying the stocks their selling?" my god, who in their right mind....

 
At 10:20 PM, Blogger Ben Jones said...

Don't under estimate the bull market psychology in a bubble. It will be slow to die. There will be buyers for months to come..Ben

 

Post a Comment

<< Home