Thursday, September 11, 2008

Unrelated - But Just for the Record

As I have disclosed before, my extremely negative sentiment for local property prices - especially the MP predicament - was contrary to my liking for TOL stock in portfolios I manage.

As a matter of record, I find the stock for this company now richly valued given its future challenges. This morning, the accounts I manage have sold their TOL holdings just above $25.00.

This does NOT reverse my symmetrical negative outlook on MP property prices!

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