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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 RuudinFranceon Oct 23, 2021 1:31pm
124 Views
Post# 34040888

RE:RE:Axu bashing

RE:RE:Axu bashingWith my 10K AXU shares at 2.24% of portfolio allocation and 12.4% current loss, every day is a fun day.

Investing is fun, just as long as you remember never to sell when the position is under water.

I didn't sell my 600K BBI/PIPE $0.28 warrants and ran them to $0.00. Ouch, one might think.
Nah, on the way down, I beefed up my sharecount in the company and Eureka, fully dilluted a nice profit, which will now multiply with time.

Man, did my 160K NLC shares get under water. It got so bad that I gave away 60K to the kids so it didn't look so bad in my own account.
They're showing a >$500K profit now and the kids think I'm a great (grand-) dad.

Shares getting below average purchase price, is good, always ends up in a win-win situation.

AXU is bound to repeat this trick that I've become accustomed to with the other companies.

Have fun.






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