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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 GreyWhiskerson May 20, 2022 10:21am
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Post# 34698112

Lookin4doubleD's and your other double

Lookin4doubleD's and your other doubleAt least you make me laugh.  :)  What are you complaining about? it's up .0064 better take your profits.  It's all about the loyalty and honor, right?  But bet you guys are hoping to take your baggers as soon as you can and leave the rest stuck.  LOL

WPM involvement in Axu is like getting more overburden. WPM's pretty smart and they like to make profit.  Nothing wrong with that, probably a better investment.  LOL  Axu was in a corner financially when the deal was struck.  In fact the first deal was so harsh they had to re-negotiate to one in it's current form.  

The amount of shorting going on is like what a few %.  There's not enough here for traders to bother. LOL

The financials do not make a pretty picture and certainly do not inspire to buy more.  Go ahead buy more, feeling lucky?   It's a classic.

I see comments by promoters of wishfull thinking and dreaming that the rest of the Q's will be in the green and all better than the last.  Lots of "if this" and "if that", so far Axu's been dreaming of Blue Sky's.    Like one day the markets will open and Axu will be a gamestop.  LOL  Axu as other aso have noted is a long way from that.  This stock has been a staircase up and elevator ride down.    

Most likely Axu has or will have increased cost, just based on current post pandemic conditions and the increased costs just carry forward, even if they jump to 400 TPD tomorrow may be likely increased shipping costs, increased labour costs, increased rotation costs, increased labour costs, increased food costs and a dozen more I can think of based on what is currently happening.  Axu has not even come close to providing guidance on how that will be accounted for.  Axu states they need more on the payroll and the requirement to offer more to attract staff.

Axu plays things pretty quietly LOL,  less things to answer,  Smart but it's a classic.


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