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

Bullboard Posts

Comment by lktreeon Jun 02, 2013 11:06pm

196 Views

Post# 21474164

RE: COST CUTTING

Very encouraging both short and long term to see them proactively cut costs. In these situations there is ussually long term learning that you didn't really need all you were spending on. With management owning lots of stock they are protecting the integrity of the business. We are in for a big rebound as metal prices steady.

Bullboard Posts

Debt-free cannabis company set for next stage of growth