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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

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Post by petersburggrayon Feb 10, 2019 4:09pm
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Post# 29344240

Buying

BuyingI am a buyer starting tomorrow.appears to me that between cash on balance sheet and Sprott $15mm LOC company has funds to ramp commercial production in 2019 without further equity dilution. Admiiedly i prefer to stack silver vs gold but gold miners is where i have made the money recently...i like stacking junk 90% and mexican 100 peso 1977-1979 for low premium to spot silver...i will be selling more AG than CDE to make room for this one since i run fully leveraged and Yukon safer jurisdiction than Mexico..fewer heavily arned criminals and socialists in Canada vs Mexico.
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