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Bob Toll Once Again Joins Insiders In Unprecedented Stock Selling Spree

Tyler Durden's picture




 

At least the Bloomberg auto headline generator demonstrates humor:
( DJ ) 09/17 12:39PM *WSJ: Toll Brothers Chmn Robert Toll Continuing To Sell Stk In Co
( DJ ) 09/17 12:40PM *WSJ: Toll Brothers Chmn Sold 1.58M Shrs In Co Sept. 16

In other news, insider selling ($182 million) outpaces insider buying ($2 million) by 80-to-1 in the last week (data courtesy of FinViz). Once again, this provides all the data you need to determine just where all that $2 trillion in household net worth increase has gone.

 


h/t Lizzie

 

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Thu, 09/17/2009 - 13:11 | 72483 Sardonicus
Sardonicus's picture

well duh....why else would homebuilder sentiment keep going UP.

Thu, 09/17/2009 - 13:31 | 72515 Anonymous
Anonymous's picture

Great article on that asset classes are actually safe
http://realityarbiter.com/2009/09/the-financial-frontier-of-ignorance-ki...

Thu, 09/17/2009 - 18:47 | 72858 Anonymous
Anonymous's picture

Are those the new ATM's they plan on rolling out by the end of the year?

Thu, 09/17/2009 - 13:40 | 72523 sondog
sondog's picture

80 to 1 wtf!

Thu, 09/17/2009 - 14:15 | 72562 mule65
mule65's picture

To diversify into C GE BAC FAS FAZ LVS AIG FNM FRE!

Thu, 09/17/2009 - 16:03 | 72649 ZerOhead
ZerOhead's picture

For whom the bell Tolls?

Thu, 09/17/2009 - 14:09 | 72549 Anonymous
Anonymous's picture

So that would be about $30 million for Bob Toll. Not bad considering the company lost about $700 million last year.

Thu, 09/17/2009 - 14:10 | 72550 zeropointfield (not verified)
zeropointfield's picture

Net worth for households and non-profit groups climbed to $53.1 trillion from $51.1 trillion in the first quarter, marking the first gain since the third quarter of 2007, according to the Federal Reserve’s Flow of Funds report today in Washington. The government began keeping quarterly records in 1952.

The advance reflected the biggest quarterly jump in stock prices since 1998 and the first increase in home values in more than two years. Together with increased savings and less debt, the gain in wealth is part of the mending process consumers will undergo in coming years before spending can gain speed.

 

http://www.bloomberg.com/apps/news?pid=20601087&sid=aJlTvkuq74OM

 

Thu, 09/17/2009 - 14:20 | 72566 Anonymous
Anonymous's picture

... and this is worth about as much as the 'Profits' the trillions that the Bodacious Bonus Babies got paid, for setting the global economy on a precipice for a bungee jump without a cord.

A coupla quarters good news creates yet more Bonuses while setting a deadfall for the naive.

Thu, 09/17/2009 - 14:15 | 72561 Anonymous
Anonymous's picture

What we need to know then to make any determination of what this forbodes is how many of these Big Jefes SOLD stock or the ratio of S/B, in May of 2007, 2008?

Thu, 09/17/2009 - 14:18 | 72563 nightfly
nightfly's picture

Ah, didn't he come out the last couple of days (just before his stock dump) and said the housing market is looking good and they are firing up the mid-alantic building? What a load of crock - yet another example of corrupt CEO.

Sadly, I don't feel sorry for all those suckers out there - I am reminded daily of how sheep like to simply graze with the sun on their heads and nothing in them.

Thu, 09/17/2009 - 14:32 | 72573 Sherman McCoy
Sherman McCoy's picture

Insider selling means nothing. It's insider BUYING that has meaning. Senior executives are prone to fear like the rest of us - nobody wants to be forced to live like the "little people" becasue they pulled a Dick Fuld.

Thu, 09/17/2009 - 15:28 | 72611 GoldmanSux
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History shows it is wise to trade in the same manner as Bob Toll in his own stock. The only one with a better record is Angelo Mozzilo.

Thu, 09/17/2009 - 15:33 | 72621 Anonymous
Anonymous's picture

Bob Toll has dumped over $200,000,000 in TOL stock in less than 24 months (incl $50 million this month alone). The TOL president dumpted 99% of his TOL stock in less than 24 months. Tht TOL CFO said company management was prudent in diversifying their holdings.

Thu, 09/17/2009 - 15:34 | 72622 Anonymous
Anonymous's picture

For whom the Bell Tolls.

Thu, 09/17/2009 - 15:38 | 72626 Anonymous
Anonymous's picture

Bob Toll has dumped over $200,000,000 in TOL stock in less than 24 months. The TOL president dumped 99% of his holdings in less than 24 months. The TOL CFO, who has dumped over 50% of his TOL holdings and says TOL management is prudent in diversifying their holdings out of TOL stock.

Thu, 09/17/2009 - 16:25 | 72680 Ned Zeppelin
Ned Zeppelin's picture

Well, then, let's not mince words: how about all of that "not buying" by all of these sellers, since their sales mean nothing?

Thu, 09/17/2009 - 17:16 | 72748 Anonymous
Anonymous's picture

If ever there was a more ominous sign of things to come, RAMPANT stock selling by the leaders of America's largest company. The weight by which the selling has outpaced the buying is historical. It's been going on for some time now.....and the average, TV watching sheep like investor needs to ask themselves what the hell do "they" know that "we" don't.

On another note, was at lunch today with a financial advisor who is telling his clients to pile into the markets at these levels.

When the shoe drops, this is gonna get ugly...........

Thu, 09/17/2009 - 20:21 | 72930 Anonymous
Anonymous's picture

no, it is not necessarily an ominous sign of things to come. insiders historically aren't very good with the timing of their selling (darn, can't find the link for that).

Many of them have had their options under water for the last year, and when they finally have the chance to actually make money on them, they will take the opportunity to do so. Especially when they are no different than most people -- debt on houses, cars, etc.

Thu, 09/17/2009 - 19:11 | 72870 Anonymous
Anonymous's picture

1.58 million shares sold in one day!

What a sweet cash machine.

It's like a license to steal from investors.

Fri, 09/18/2009 - 00:05 | 73126 Anonymous
Anonymous's picture

Does anything think that the last year--crash, then ramp--has *not* consolidated the US's wealth even more? Guess who got to play both sides of that chart, and guess who didn't.

I am curious, historically, at what level of wealth consolidation the 'citizens' finally get out the shotguns and pitckforks. Will it be when the top 5% own 80% of the country, maybe...

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