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0 0 -0.00120221207020929 -0.00120221207020929 0.00985813897571523 -0.0137052176003847 0.0050492906948786 -0.00937725414763166
Stock impact report

Now Is The Time To Build A Position In Toll Brothers [Seeking Alpha]

Toll Brothers, Inc. (TOL) 
Last toll brothers, inc. earnings: 2/25 04:30 pm Check Earnings Report
US:NYSE Investor Relations: tollbrothers.com/investor-relations
Company Research Source: Seeking Alpha
SummaryThe market is significantly discounting Toll Brothers and other homebuilders due to the uncertainty around COVID-19.We don't believe that there will be a repeat of what we saw in 2008, and the company has multiple long-term tailwinds.The current discount to tangible book is greater than it was during the financial crisis, and we believe now presents an attractive opportunity for long-term investors.OverviewMany investors are shying away from homebuilders due to the uncertainty of the damage that COVID-19 will cause to the economy. Toll Brothers (TOLWe don't believe that there will be a repeat of what we saw in 2008; lending standards were much tighter than they are today. Additionally, supply has been, and continues to be, tight (compared to the oversupply that we saw in '08). During the financial crisis, the largest discount to tangible book value that Toll Brothers was valued at was 28%. With shares currently priced at a 50% discount to tangible book, we believe that shares o Show less Read more
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