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 gofermanon Jul 30, 2014 1:14pm

223 Views

Post# 22794922

RE:RE:RE:Silver Price

I'm also disappointed with this sell-out.
The company provided little justification for it.
And the NR failed to provide critical information.
It didn't even update the total outstanding shares.
The announcement should have been paired with good news.
Such as commencement of work according to the PEA.
Its absence hints this money will just be sucked up by overhead.
Was this really the best option to raise capital??

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