AMREP Corp T.AXR

Primary Symbol: AXR

AMREP Corporation, through its subsidiaries, is a holder of land, developer of real estate and homebuilder in New Mexico. 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. Activities conducted or arranged by the Company include land and site planning, obtaining governmental and environmental approvals (entitlements), installing utilities and storm drains, ensuring the availability of water service, building or improving roads necessary for land development and constructing community amenities. 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 focuses on selling single-family detached and attached homes.

NYSE:AXR - Post by User

AMREP Corp

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Comment by gossincon Aug 24, 2007 1:49pm

209 Views

Post# 13297089

RE: Good AXR news release

Can't stay here long as NG will buyout AXR. Too cheap for what's here. Rapid acceleration up the slope says it all. Going back where it belongs north of $5 and that is due to the fact that work is ongoing and mine is RICH grade. This is happy time for fund managers that missed Robert Cohen's pick.

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