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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 Correctionoron Jul 15, 2020 12:00pm
177 Views
Post# 31270983

Lead & Zinc

Lead & ZincWith the copper price on the move higher and the same with lead and zinc, Alexco will experience the benefits from those two metal significantly in revenue that will go straight onto their bottom line. The prices for the lead and zinc are still below what Alexco had planned for originally; however, the silver price is far higher than what they had planned and the same with gold.

Perhaps commodities reached a bottom and also joined the bull market or perhaps they reached a temporary low before heading lower. I believe it’s the former; therefore, if this is true Alexco will increase it’s portion of revenue from by-product tremendously!
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