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Robert Toll "has been an astute investor and has opportunistically sold stock" in the past, says Bob Curran, managing director at Fitch Ratings. "Many have suggested that they think the [homebuilding] stocks might be ahead of themselves." (See pictures of Americans in their homes...
Still, many analysts believe the 2009 stock run-up among homebuilders has gotten ahead of the sector's pending recovery. "The stocks have gone too far, too fast," says Rob Stevenson, managing director at Fox-Pitt Cochran Caronia. Stevenson isn't surprised by the insider selling at Toll Brothers: "We think the group has gotten overvalued and that a pullback is likely." After all, he notes, "they're still not producing a profit...
...economy to a grinding halt? That's the challenge. There's this idea that we'll revive the economy with green alternatives, but that's harder to pull off than we think. You can't just swap one form of consumption for another and expect to come out ahead...
...Harvard men’s soccer team (6-0-0) knocked off New Hampshire, 1-0, yesterday afternoon in Durham, N.H. to preserve its perfect record ahead of the much-anticipated matchup with No. 3 Wake Forest this weekend. The kicker: according to Crimson coach Jamie Clark, the team didn’t even play well. “Today’s game was a worry for the whole team,” Clark said. “Just getting through the game was a victory…It is nice to know that we’re finding...
...change summit in Copenhagen is to be a success, and they'll need to be more straightforward. But as the EDF's Yarnold said in a speech today, "China is no laggard in the race to develop clean energy and reduce global- warming pollution. In fact, it is moving ahead." If the U.S. isn't careful, it might get lapped...