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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 27, 2022 11:30am
123 Views
Post# 34784713

RE:Couldn't resist bought another 5k shares at .3775

RE:Couldn't resist bought another 5k shares at .3775Congrats !   I think that price will be seen as a "steal"around this time next year.   I will also be buying throughout the next 4-5 months and then will be smiling all the way to the bank next year.

Never in my wildest imagination did I think I would get a chance to buy shares at this level (after being over $3.00/sh last May) ha ha   Our SHORTs are tying to convince people it's going bankrupt which is the only thing which would justify this price level, but . . . I am more than willing to take that bet.

I remember buying Citi at $5/share in the last stagflation environment.  Most stocks do come back with a roar.
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