(Reuters) - Toll's cash flow is also going to be sharply negative in
fiscal 2007 due to capital spending on high-rise projects in
New York City, Moody's said.
"Given the continued build out of the mid- to high-rise
towers that are currently under construction, it may be
challenging for Toll Brothers to begin generating significantly
positive cash flow in fiscal 2008," Moody's added.
Read more at Reuters.com Bonds News
fiscal 2007 due to capital spending on high-rise projects in
New York City, Moody's said.
"Given the continued build out of the mid- to high-rise
towers that are currently under construction, it may be
challenging for Toll Brothers to begin generating significantly
positive cash flow in fiscal 2008," Moody's added.
Read more at Reuters.com Bonds News
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