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'We Did Do Our Homework. We're Smart People,' Says Retiree — But Their Florida Builder Collapsed, Leaving Dream Homes Unfinished and Savings Drained
Yahoo Finance· 2025-12-15 12:30
Core Insights - The dream of retiring in Florida has turned into a financial crisis for many families who invested their life savings with Beattie Development, a once-respected builder [2][5]. Company Overview - Beattie Development, led by Paul Beattie, accepted millions from retirees to build custom homes, with many clients selling their previous homes and moving belongings into storage based on positive recommendations and awards received by the builder [3]. Construction Delays - Construction delays began in 2022, with clients being told not to visit sites due to Hurricane Ian cleanup efforts. Many clients found that construction had not started even after a year [4][5]. Financial Collapse - Beattie Development entered liquidation, owing over $11.5 million in debt, leaving clients without completed homes and without the funds they had already paid [5]. Client Impact - Homeowners were offered minimal restitution of $240.36, which was later doubled, a figure deemed insulting by those who lost significant amounts. Some clients, like the Kramers, reported that their retirement plans were delayed by two to three years due to the financial loss [6].
Today was a very logical day for the market, says Jim Cramer
CNBC Television· 2025-12-12 00:14
performance is not in the eye of the beholder and it's pretty easy to see that some formerly unstoppable stocks have momentarily lost some of their mojo. So on a day where the Dow soared 646 points SB advanced 1% but the NASDAQ where much of tech dwells declined.26 26. Let's take a hard look at what should be done with beloved stocks that have been stalled.Stocks like Apple, Meta, and Tesla, all which are up about 10% for the year. Let's start with what's h the heck is happening with the actual stock market ...
Toll Brothers' Stock Performance and Market Outlook
Financial Modeling Prep· 2025-12-11 06:12
Susan Maklari from Goldman Sachs sets a price target of $140 for Toll Brothers (NYSE:TOL), indicating a slight potential for growth.The Federal Reserve's decision to cut interest rates has positively impacted home builder stocks, including TOL, by making home buying more affordable.TOL's stock price has seen a 4.19% increase, reflecting positive market sentiment and active investor interest.Toll Brothers (NYSE:TOL) is a prominent home construction company in the United States, specializing in luxury homes. ...
Toll Brothers (NYSE:TOL) Stock Update: Goldman Sachs Maintains Neutral Rating
Financial Modeling Prep· 2025-12-11 05:13
Goldman Sachs maintains a Neutral rating on Toll Brothers (NYSE:TOL) and adjusts its price target from $142 to $140.The Federal Reserve's decision to cut interest rates is seen as favorable for home builder stocks, including TOL, leading to a positive market response.TOL's stock price has increased to $138.55, reflecting a 4.19% rise amid market volatility and investor interest.Toll Brothers (NYSE:TOL) is a prominent home construction company in the United States, specializing in luxury homes. The company o ...
Home Builder Stocks Rise. It's a Sigh of Relief After Fed Cut Rates.
Barrons· 2025-12-10 21:21
The 10-year Treasury yield, which informs the direction of mortgage rates, was heading lower after the Fed's rate cut. ...
Toll Brothers(TOL) - 2025 Q4 - Earnings Call Transcript
2025-12-09 14:32
Toll Brothers (NYSE:TOL) Q4 2025 Earnings Call December 09, 2025 08:30 AM ET Company ParticipantsAlan Ratner - Managing DirectorVictoria Piskarev - Equity Research AssociateSteven Mia - Equity Research Senior AssociateStephen Kim - Senior Managing DirectorGregg Ziegler - CFODouglas Yearley - Chairman and CEOMichael Rehaut - Managing Director and Senior Equity AnalysConference Call ParticipantsTrevor Allison - AnalystJohn Lovallo - Managing Director and Senior Equity AnalystSam Reid - Equity AnalystOperatorG ...
Toll Brothers(TOL) - 2025 Q4 - Earnings Call Transcript
2025-12-09 14:32
Toll Brothers (NYSE:TOL) Q4 2025 Earnings Call December 09, 2025 08:30 AM ET Company ParticipantsAlan Ratner - Managing DirectorVictoria Piskarev - Equity Research AssociateSteven Mia - Equity Research Senior AssociateStephen Kim - Senior Managing DirectorGregg Ziegler - CFODouglas Yearley - Chairman and CEOMichael Rehaut - Managing Director and Senior Equity AnalysConference Call ParticipantsTrevor Allison - AnalystJohn Lovallo - Managing Director and Senior Equity AnalystSam Reid - Equity AnalystOperatorG ...
Toll Brothers Reports FY 2025 Fourth Quarter Results
Globenewswire· 2025-12-08 21:30
Skyline by Toll Brothers in Summit at Orchard Hills Irvine, CA FORT WASHINGTON, Pa., Dec. 08, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL) (TollBrothers.com), the nation’s leading builder of luxury homes, today announced results for its fourth quarter ended October 31, 2025. FY 2025’s Fourth Quarter Financial Highlights (Compared to FY 2024’s Fourth Quarter): Net income was $446.7 million and earnings per diluted share were $4.58 compared to net income of $475.4 million and earnings of $4.63 ...
It's Been a Bumpy Year for Home Builders. It May Not Be Over Yet, This Analyst Says.
Barrons· 2025-12-02 19:30
Builder stocks have been volatile as investors digested news about housing costs, weak sentiment, and political headwinds. ...
KG: Chinese Real Estate Showing Cracks, "Decent Price Action" in Mag 7 Today
Youtube· 2025-12-02 16:10
Now, let's get to Kevin Green, who joins me for a good look at some of the stories that are moving markets. And one stock that is on the move higher to the tune of over 25% this morning is MongoDB, a stellar earnings report in what Goldman Sachs called out a standout quarter. Um, I've just been looking at some of the street recommendations as well.I mean, you've got a shopping list of price target boosts here. just talk us through what you're seeing as far as what the report card told us and the reaction in ...