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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 Looking4Doubleson Jun 11, 2022 9:30am
74 Views
Post# 34749127

RE:up almost 10% today

RE:up almost 10% todayWe have all experienced some pain since Jan, but you have to lower your average cost while you can.  I personally added a lot over the last 30 days , so I can wait for the recovery.  It should be WELL worth it.  I invest for doubles or triples over 2-3 years and am convinced this is one of those kind of investments, along with energy stocks.  You just have to stay focused on the 1-3 year time frame.  A "double" every 3 years yields a 24%/year return.  Everything else is just NOISE.   Good Luck!
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