AMREP Corp T.AXR

Primary Symbol: AXR

Industrials Engineering & Construction

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 elgin1on Aug 20, 2014 2:11pm

340 Views

Post# 22861263

RE:worst case scenario

They need to do another $20 million before year end for silver wheaton. They have no plans to start Keno mine until silver prices improve. Raising capital for 20 million will dilute shares. Longterm if silver prices rise and they are in production will be a great investment. Short term I think you are going to see some weakness.

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