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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

Bullboard Posts
Post by gossincon Aug 29, 2007 9:40am
201 Views
Post# 13315510

Couldn''t take risk situation

Couldn''t take risk situationwhen there are so many clear , risk free (no aboriginals) issues. Bailed at higher price to make some cash in one week. Overall, a good mine and work continues but may never go into prodcution. I predict I will be able to rebuy below IPO price. That's around $2 target. Sorry longs but this one has warts now. I will be back for sure when this most serious problem corrects.
Bullboard Posts