Investors Take a Shine to Toll

The homebuilder's battered shares rose Wednesday after the company said it's poised to ride out the current slowdown

Toll Brothers' (TOL) latest sales numbers confirm what many other homebuilders have been saying: The housing slump still has legs. Still, the beaten-down shares headed higher as the company tried to assure investors that it has enough liquidity to survive the downturn. Other homebuilding stocks rallied as well.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.