Toll Brothers updated May 31, 2017

Toll Brothers is updated and rated (higher) Buy at $36.91. Earnings have been increasing relatively rapidly based expected based on home sale contracts signed last year. This should continue based on the higher pace of home sales in the past year which will show up as revenue and earnings in the next year.

The stock price has been more volatile than earnings and has provided opportunities to buy at very good prices in 2016. The price now remains reasonably attractive based on current and projected earnings. This the second largest position in my own portfolio.

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