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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

Post by GreyWhiskerson Apr 07, 2022 3:11pm
294 Views
Post# 34585409

Bull on this Bullboard

Bull on this Bullboard
The famous American economist, Milton Friedman, once joked that if you put the federal government in charge of the Sahara Desert, in five years there would be a shortage of sand.

Another view

"https://www.sunshineprofits.com/gold-silver/dictionary/silver-shortage/"


It looks like the following newswire was not well received, if the current share price is an indication


"ALEXCO ANNOUNCES FULL 2021 RESULTS AND 2022 OUTLOOK"

"PR Newswire March 21, 2022"

Lots of time to buy more once AXU is able to show a profit, if ever. 

From the link:

Silver Shortage and Manipulation

Many people believe that the silver market is heavily manipulated, as it’s a less liquid market than gold or other markets. The Fed’s sales and leases of silver and naked short selling of the precious metal on Comex led to the growing shortage of physical silver supply, at least in relation to the paper claims on silver. In other words, the belief is that the central banks and the corrupted financial system created more paper silver claims than there is bullion to satisfy them. There is simply not enough silver to back all the paper claims on the white metal. When the paper silver market finally collapses and silver prices cease to be suppressed, they will surge like crazy. "You will see... just look for the silver lining. The day of reckoning is just around the corner."

However, the claims about the disconnection between paper silver prices and physical demand are unfounded and result from the lack of knowledge how the futures market works. The lack of physical delivery in the precious metals futures market is nothing strange, as the majority of transactions in the futures market (not only silver) are without physical delivery and are cancelled out by entering a covering position, because it is a much more convenient way of settling the contract and gaining exposure to the price movements.


 
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