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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 Jul 07, 2021 3:44pm
183 Views
Post# 33506650

RE:Share price dropping.

RE:Share price dropping.June to early July share action historically often disappointing but just as often provides a run up from early July, sometimes to the end of the month, sometimes into August then to early Sept, like the seasonals on silver.
They just raised more money recently, so can't see that happening for a while ... (?)
Yesterday was surprising; lows like today then the bounce at the end of the day to match the open.
I don't think anything to do with the presentation; these things are just boilerplate of what is known.
I guess they're still producing at 25%; the only positive news would be increasing production because of labor restriction concessions by Yukon government.

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