From Toll Brothers’ (TOL) Q1 2010 earnings call:
Douglas C. Yearley, Jr. – CEO-Elect and EVP:
International opportunities, we’re searching. We’ve been back to China now three or four times, and we may do something over there. If we do, it will be with very little capital and with a great local joint venture partner. There may be opportunities outside of traditional homebuilding. We’ve entertained chasing some large portfolios of loans where maybe the outcome is not to see Toll Brothers’ lots, but just to service those loans and make money. So we’re certainly considering that, but it’s a great time for me to have this opportunity, because we’re back to growing and that’s exciting and there is great opportunities coming along.
Full transcript here.
Filed under: China, Real Estate Tagged: | 1Q10, TOL
