Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Comment by billlcon Mar 08, 2013 10:18pm
171 Views
Post# 21103416

RE: From Ed Steer This Morning

RE: From Ed Steer This Morning

...Great post chux02. A possible solution to the shorting problem is for the mining company to pay a cash dividend (which shorts would be forced to pay). The problem of course is that you have to have the cash flow to do it and growth would be slowed due to the diversion of cash to dividends from exploration and construction. My suggestion would be to start with a penny a share semiannually (oops - are you guys getting rid of pennies - joking). Not a whole lot less than CitiCorp's penny a share quarterly on the NYSE.

...Hopefully this would raise the stock price. Then if cash was needed more shares could be issued. The point is that this would make shorting more expensive and potentially expose the shorters (tracing the checks etc.) as they have to pay the dividend. Thoughts?

 

Bullboard Posts