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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

AMREP Corp
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Comment by zentrarianNZon Dec 09, 2016 4:18pm
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Post# 25578457

RE:RE:Fantastic results!

RE:RE:Fantastic results!Thanks, GS77, but if the object is to get the price up, it looks like you might have to sell a lot more! 

I sold a bit a couple of lots at $1.90 and $2.11. But FWIW, if I wasn't overextended cash-to-equities, I'd be reloading around this level.

And not because of chemtrails, death crosses, or Ted Butler's $1000 silver!...Just because it's a good buy, even if silver doesn't have another start to the year like it did in 2016.
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Dealroom for high-potential pre-IPO opportunities