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HomebuilderStocks.com - Reports This Week: Record Breaking Fourth Quarter and Year End Results from Toll Brothers Boosts Homebuilder Market |
by:
dawn van zant |
News Release
December 9th, 2004
HomebuilderStocks.com - Reports This Week: Record Breaking Fourth Quarter and Year End Results from Toll Brothers Boosts Homebuilder Market
POINT ROBERTS, WA. December 9th, 2004 - www.HomebuilderStocks.com, (HBS) a global investment news and research portal for the homebuilder sector, reports that record breaking fourth quarter and year end results from top homebuilding company Toll Brothers resulted in share price gains of two to five percent across the board for top industry participants. With records breaking and future outlook earnings boosted, speculators continue to follow the sector intensely. HomebuilderStocks.com provides investors with news, information, public company profiles, and developing trends in the homebuilder sector.
HBS does not make stock recommendations but offers a unique free information portal for investors to explore news, articles, and recent research. The site is currently compensated by featured company International Barrier Technology Inc. (IBTGF: OTCBB; IBH: TSXV).
Toll Brothers, Inc. (www.tollbrothers.com), the nation’s leading builder of luxury homes, on Thursday December 9th, 2004, reported record fourth-quarter and fiscal-year-end results for earnings, revenues, contracts and backlog for the period ended October 31, 2004. The Company reported that their fourth-quarter results were the highest for any quarter in its history. Toll Brothers stock previously set an all time high of $55.20 on Monday, December 5th, 2004.
As of Thursday Morning (December 9th, 2004) other large homebuilders were riding the wave and showed significant share price gains:
DR Horton up $1.29 to $36.94
Centex Corp. up $2.24 to $53.25
KB Home up $2.47 to $94.48
Lennar Corp. up $1.82 to $46.09
Toll Brothers up $5.04 to $59.17
The Dow Jones US Construction Index was also up by 3.4%.
Sector analysts said that earnings growth for Toll Brothers are the result of higher sales for the company, which is a more reliable indicator than if margins were driving the increase.
Our current list of public companies in the sector includes: Beazer Homes USA, Inc., Brookfield Homes, Centex, Inc., Home Depot, Homestore, Inc., KB Home, Lennar Corporation, Lowe’s, Monterey Homes, Orleans Homebuilders, Inc., Pulte Homes and numerous others. For the complete list, click here: http://www.homebuilderstocks.com/Companies/HomebuilderStocks/HomebuilderStockList.asp
Featured Company: International Barrier Technology Inc. (IBTGF: OTCBB; IBH: TSXV) develops, manufactures, and markets proprietary fire resistant building materials branded as Blazeguard. Barrier’s award-winning Blazeguard wood panels use a patented, non-toxic, non-combustible coating with an extraordinary capability: it releases water in the heat of fire. The panels exceed “model” building code requirements in every targeted fire test and application, and are unique in combining properties that increase panel strength and minimize environmental and human impact. Blazeguard provides Barrier’s customers a premium material choice meeting an increasingly challenging combination of requirements in residential and commercial building construction. Blazeguard customers include four of the five top homebuilders! www.intlbarrier.com
InvestorIdeas.com free Investor Incite Newsletter consists of: company and industry updates, investment research and developing trends. It's an excellent way to keep updated on news, events and Investor Ideas in key areas such as Homeland Security, Renewable Energy, Nanotechnology and more...
To sign up click here: http://www.HomebuilderStocks.com/Resources/Newsletter.asp
Disclaimer: ECON Corporate Services Inc (ECON) is the owner of this domain. ECON is a privately owned corporate communications company specializing in: media relations, investor relations, and research on public companies and industry sectors, for the investment community. Nothing on our sites should be construed as an offer or solicitation to buy or sell any specific products or securities. All investments involve risk. Past performance does not guarantee future results, therefore investigate before you invest! Although we attempt to research thoroughly, we offer no guarantees as to the accuracy of any information presented. We encourage all investors to use our sites only as a resource to further their own research. The site is compensated by its "Featured Companies,” as outlined in our on-line disclaimer at www.InvestorIdeas.com/About/Disclaimer.asp. HomebuilderStocks.com/ECON is compensated by Featured Company IBH (ECON is paid a fee of Eight thousand five hundred dollars per month, plus stock options of up to one hundred and ten thousand shares exercisable at eighty cents and currently has a remainder of twenty-five thousand dollars in options at twenty-five cents not exercised.
SOURCE: ECON Investor Relations Inc., which owns the domain www.HomebuilderStocks.com.
For more information contact:
Dawn Van Zant 800-665-0411 Brian Noer 866-730-1152
Email: dvanzant@investorideas.com or bnoer@investorideas.com
Web Site: http://www.InvestorIdeas.com
About the author:
HomebuilderStocks.com provides investors with news, information, public company profiles, and developing trends in the homebuilder sector.
HBS does not make stock recommendations but offers a unique free information portal for investors to explore news, articles, and recent research.
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