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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 AngelEyes3on Aug 11, 2014 4:44pm
178 Views
Post# 22829941

Finally this take down should be over as of today

Finally this take down should be over as of todayThey hit the price of 1.04 today that takes away any liability that managment would have had regarding this gift of shares. I for one still feel that managment might need to be replaced.They seem by their current actions in my opinion not to give a darn about the owners of this company the long term shareholder. I for one am getting tired of high salaries for poor decision making. This company never should have taken the wheaton deal. They should have bought a mexican producer in order to lower the cost and produce all year since the Yukon should be more seasonal because in the winter costs must be higher. Therefore they could operate this one 6 months and the mexican property all year long. This would take away alot of the risk. Just thinking here. But given the assets we have in this company we need a management team that shares the risk and rewards. Meaning less salary and more rewards on long term success in share price.
Bullboard Posts