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

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Comment by grape562000on Aug 30, 2017 1:48pm

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Post# 26638171

RE:What could cause them to start up production early ?

Watch this interview.

https://www.youtube.com/watch?v=oxB3t0YbFQU

There are a lot of new articles of late which state 'Alexco nears production decision'. That said, the AISC for silver will be a little north of $12 and assuming $20 silver and the anticipated 4M ounces of production a year divided by roughly 100M shares...you get something like .30 share in earnings. Give that a multiple...10x, 20x, 30x. To be conservative, say 10x and you get a $3 share price. So with this back of the napkin math, what do you think? Buy now? Or try to buy lower?

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