Toll Brothers is updated and rated Buy at $36.01. As the report indicates its earnings are still too low but they are recovering very rapidly. This still seems to be a reasonable play on the long-term recovery of the U.S. housing market. I first added Toll Brothers to this site on June 5, 2011 as Speculative Buy at $21.03. It subsequently soon went under $15 but then rose rapidly to the $35 range where it has been with some fluctuations for the past two years rising as high as $40. It’s been a good investment and has been a good one to play the game of selling on rallies and buying dips. I plan to add to my position.