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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

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Post by GreyWhiskerson May 16, 2022 2:37pm
94 Views
Post# 34686964

YahooMrDoubles thank you for the visit

YahooMrDoubles thank you for the visit
How nice for MrDoubles to visit, buy all you want since you think it's such good value.
Thank you for your comments.  I'm not putting anymore into this venture.

Usually when I hear words such as shorts, squealers and idiots along with shorting in the same few paragraphs, I usually wonder how far under someone is.  Has to be at least a few investors here wondering the same based on share price erosion over the last few years.

But people buy all you want just be aware, especially for any new investor do not listen to any blue sky retoric.  Historially is a difficult area to mine.  There's been lots of companies aside from the larger current workings and guess what, well they're not around anymore.

It's fairly well know how much silver may be in the ground (even back before Alexco they had a pretty good idea). It's not the lack of silver in the area, it about getting it out profitably.

Can the share price go up? Sure, like others have also noted, it's all dependent on the price of silver.  Do your own DD and convince yourself of future silver prices.

If you aren't familiar with an income statement or a balance sheet it's OK,  take them to someone who can and just be aware of what your buying.

I'm not convinced they have been running long enough to verify the all much stated all in costs, axu has had one closure already due to "silver prices" and it is possible that with the current increased supply issues, energy costs, transportation costs of all types and others that there might well be some other extraordinary costs show up.

Some would say a company with late guidance to be released based on equipment and contactor availability is grasping at straws.  As the oft touted 23M on the books, its OPM, not profits and some would say a good part of that is going towards OH in the next year.  Is this a designer company looking for a lifestyle investment, who knows.
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