Re: shorting TOL
If you are just shorting for the next few days it might make sense. They will probably take a hit tommorrow. But you have to be careful with this company, it is already beat up and it's p/e was under 9 before today, so I'm not sure how much downside there is. Sure, a lot of the growth has gone out of the stock but they are a good company, they are going to sell a lot of homes next year. Just not as many as people thought before today. They are still hoping to see 4-6% growth next year.
What do you think a fair p/e for TOL is? Because my guess is 7-9 range and that's where they are now.
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