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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

AMREP Corp
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Comment by soladadeson Aug 10, 2012 5:01pm
319 Views
Post# 20205773

RE: RE: What happened?

RE: RE: What happened?

Actually, costs are up over 100% - I stand corrected.Less Ag production - more BM production. Instead of a Ag play, more of a base metals play with silver bi-products. Also, reported a loss. Maybe they will need money for expansion?

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