Zombie Homebuilders Keep Shuffling Along By Jim Cramer About this article: One look at Toll Brothers' quarter today tells us we aren't there yet. They still have plenty of money. They still have plenty of cancellations. They still need a tax credit for more business, which we know they aren't going to get because this administration doesn't want it. No bottom. In fact, Toll and all the others are still where they were a year ago. Independent, hanging on. This stubborn group refuses to merge or to die. Yesterday Centex and Horton got downgraded, the latter to a sell, and the market just yawned. Who cares, right? A bunch of $5 and $6 stocks. Still hanging on. Still building. Still adding to the problems. No mergers. No bankruptcies. Toll will plead for help, it will be denied, and why not given how the tax breaks have been so generous for them for their losses?... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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