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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 HardWaySixon Jun 28, 2022 12:10pm
165 Views
Post# 34787807

RE:RE:RE:RE:Really now! - 5K @ .3775

RE:RE:RE:RE:Really now! - 5K @ .3775"Expensive credit is better than no credit, and offering shares for peanuts is not a good option at least at these levels" - Agree
"To go from everything's fine, to working capital deficit and need to raise cash to fund operations, and shutting down production after stating that production will ramp up in Q2 has not inspired confidence among investors in the planning and management of this operation." -  And this this I beleive is the real issue.  "Blue sky" comments on go so far.  There were a lot of cautionary note regards the dilling of holes in relation to going into miling and production.  After the "inventory" period will the restart, maybe, in  my opinion it wil depend on the price of silver.

WPM reaction may be harsh or they may just let it ride, hard to say. In the meantime in my opinion the share price will most likely suffer.
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