November 7, 2013 6:55 Comments

There was additional news on Toll Brothers later last night and this morning. They are making a large acquisition of a luxury home builder in California. They pre-announced Q4 earnings and revenues which were stellar. Unfortunately they also announced they will sell additional shares (I could not see a price mentioned). The share counted rises by only about 4%, so not too serious. Assets are rising by approximately 15% after deducting cash they will pay. I was hoping for a big price increase here on the news but given the share sale I now don’t expect too much to happen. I might trim my position it it jumps to say $38 which is perhaps not realistic.