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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 lktreeon May 16, 2013 10:50pm
295 Views
Post# 21407456

% decline

% decline

the percentage decline and velocity of the decline is amazing. down from 4.50 in March or approximately 66% with a financing at 3.35 completed less than a month ago on April 23rd, not to mention the longer term decline from 9 in 2011. the shares now seem to trade almost tick for tick with the gld though this is a silver company. the shares look near completely washed out with beyond low expectations and disgust everywhere. to everything there is a season, buy when the blood is in the streets, for alexco that time is now, the blood is everywhere. it would be nice to see the board and management buy massively here or put the company up for sale on the first bounce and let someone else run it.

Bullboard Posts