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.

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AMREP Corp > area play pondering

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Comment by pfm1998on Nov 11, 2019 4:55pm

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RE:RE:area play pondering

I've been picking up some for the first time here. I also am looking at some of the other juniors in the area but tend to prefer $AXU from a USD purchase point of view and silver leverage (already have gold leverage from Wesdome when I started buying a massive position at high $1s, low $2s and have been buying dips). Can you shed some light on why the stock was up at $10 going back in 2011? How difficult is it to get the water rights and are you aware of any water rights that have been recently granted? I'm targeting a USD10 share price but see it developping... say by mid 2021...thoughts?

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