Toll Brothers: Year Over Year Contracts Up 42%

WSJ Developments is live blogging the Toll Brothers conference call.

Here are a few highlights:

• For the year ending Oct. 31, contracts fell 16%, deliveries declined 37% .

• Company has $1.81 billion of cash

• Firm is gaining market share

• 84% of its land is owned (the rest is optioned)

• There will be less competitors int he future

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