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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 May 20, 2022 7:41am
53 Views
Post# 34697565

RE:RE:Hey Prince J33 if

RE:RE:Hey Prince J33 ifJean,

YOU are correct !  This person is getting desperate.  They know positive news is coming (ie 2nd Qtr will be much improved, etc..)  Heck, just a positive guidance which could be relaeased at any time would crush his position.  Can you imagine the company saying " We will be cash flow positive in the 3rd Qtr? 4th Qtr"?   Itwould END all debate and the stock would jump.

The other thing this person DOESN'T mention is the STREAMING AGREEMENT ! !   Claiming that Alexco would shut down again if silver drops a bit is disingenuous.  The company very carefully and very masterfully developed an agreement which has Silver Wheaton paying MORE/per ounce for every dollar that Silver declines.  Go read up on that agreement.  So, . .in a bad environment, they can stay OPERATIONAL knowing that their costs are covered.  Heck, it also incents them to process all of their tailings and low grade material at that time, since it also increases on LOW grade production.  Better yet, it doesn't revert to the $3.00/ounce until we get close to $35.00 Silver. level and at that level they would be printing money with the OTHER 75% of production that Silver Wheaton DOESN'T get.

Bottom line:  Never trust a person who bashes a company but never leaves the board.  It just shows their true colors.  They HAVE to stay and TRY to scare people or they won't be able to cover their shorting/options.  I have seen all kinds of trolls over the decades, but they all spew lies and disinformation.   Strangely, even the people who shorted SILVER recently are starting to cover, knowing that the U.S. dollar can't stay this high.  I guess this person either can't and is too invested to it's current position.

I am sorry this spilled over to the Canadian side, but I thought it was time for someone to counter these wild claims.  I personally believe the person is now trapped and a day of reckoning is quickly approaching.  Thanks for your voice on the topic as well.  You see the same thing that I do.
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