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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
Comment by Allthewaydownon May 13, 2014 10:13pm
326 Views
Post# 22558374

RE:Alexco Hugely Oversold

RE:Alexco Hugely OversoldIn exchange for a payment equal to the silver in 75,000 tons of ore, they gave away the silver in 1,250,000 tonnes of ore over 6 years, plus 25% of anything that is ever found. That is like me getting a $20,000 car loan with an agreement to pay back $320,000 over six years, plus 25% of my income for life. With that kind of impairment the company will never restart. In fact the whole reason it shut down was to create a Mexican standoff with Wheaton. The mine will NEVER produce, and Wheaton will not get a penny more of revenue until the deal is rewritten. Next news will probably be that Alexco is exploring outside of Keno Hill, and that they intend to sit on the existing deposit forever.
Bullboard Posts