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AMREP Corp T.AXR


Primary Symbol: AXR

AMREP Corporation is a holding company, which conducts business through its subsidiaries. The Company operates through two business segments: land development and homebuilding. The land development segment offers for sale both developed and undeveloped real property to national, regional and local homebuilders, commercial and industrial property developers, and others. The Company owns approximately 17,000 acres in Sandoval County, New Mexico. The Company develops both residential lots and sites for commercial and industrial use as demand warrants. The homebuilding segment offers a variety of home floor plans and elevations at different prices and with varying levels of options and amenities to meet the needs of homebuyers. The Company is focused on selling single-family detached and attached homes. The Company commenced operations in New Mexico of its internal homebuilder, Amreston Homes. The Company utilizes internal and external sales brokers for home sales.


NYSE:AXR - Post by User

Bullboard Posts
Post by Alexspushkinon Aug 23, 2007 10:21pm
155 Views
Post# 13293740

Appreciate all posts

Appreciate all postsAs for long term risks, I'm not worried. The project is being managed by the NovaGold team. That's all I need to know. Take a look at the Novagold website under the Ambler project: "Rio Tinto has joined with NovaGold to develop this project specifically because of NovaGold’s success working with local communities, Native Corporations and State and Federal government agencies." NG is well connected and has the skill to resolve the outstanding issues. No guarantees on the time line thought. These things can't be rushed. P.S. Weather you have 100 or 100,000 shares, all posts appreciated here.
Bullboard Posts