August 27, 2012 Comments

Toll Brothers is updated and rated Speculative (lower) Buy at $32.28. I had hoped it would look better than that. Even assuming house prices and new home sales continue to recover the stock looks expensive. It may continue to rise as the housing market recovers. However I think it is prudent to take a smaller weighting in this than my current 6.6% weighting. I will consider selling half of what I hold and leaving the rest to speculate on higher prices