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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

Comment by roberto146on Aug 13, 2020 3:13pm
206 Views
Post# 31404945

RE:RE:RE:RE:RE:RE:RE:Is this company hedged at all?

RE:RE:RE:RE:RE:RE:RE:Is this company hedged at all?Angel, the $50 MM USF SLW funding built the mine and mill during the financial crisis when funding was typically not readily available. And the cost of that funding has been built into the share price for over 10 years. The streaming agreement terms and the production test fulfillment date has been favorably renegotiated several times with SLW, who could have claimed default many times but have been working with AXU during a tough silver market of many years.
Some shareholders and observers have the attitude of borrowers who are supplicants appealing for a loan, and when the loan is granted disparage the lender because they owe money.
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