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To: Omega Man II
Further, Toll Brothers experienced the adverse impact of problems in the sub-prime market as less than 2% of the company's buyers depend sub-prime loans.

That sentence was obviously missing a word:

Further, Toll Brothers didn't experience the adverse impact of problems in the sub-prime market as less than 2% of the company's buyers depend sub-prime loans.

9 posted on 05/09/2007 7:54:21 AM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: Moonman62
That sentence was obviously missing a word:

Further, Toll Brothers didn't experience the adverse impact of problems in the sub-prime market as less than 2% of the company's buyers depend sub-prime loans.

Actually, it should have been written as:

"Toll Brothers experienced the adverse impact of problems in the sub-prime market despite less than 2% of the company's buyers depending on sub-prime loans."

The CEO made this clear in his statement: "the impact of stricter lending standards arising from problems in the subprime market is negatively affecting affordability at lower price points ... This, in turn, can impact the entire 'housing food chain,' including some of our potential customers' ability to sell their existing homes," he added.

14 posted on 05/09/2007 9:51:33 AM PDT by TXLibertarian (Ron Paul 2008)
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