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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 Jean33on Jun 11, 2022 4:10pm
238 Views
Post# 34749506

Twisting facts

Twisting facts

 


" Do not just beleive the "blue sky" stuff on any stock.   Look at the financials.  Look at any issues past and present.  Look at the acomplishments.  Then weigh whether or not the risk/reward is worth your investment. I never advise to buy sell or hold.   

There are people who will say look at all the silver in the ground on this one, look at all the proven and suspected reserves.  Look at the drilling program and all the other good stuff like infrastructure buildout and underground workings we've acommplished.  This is all true, but to date in my opinion, in all these years (decade?) it hasn't translated to a longterm profitable company."
 

wow, what a way to state a half truth, here if someone is coming into this board and does not know Axu past history by reading this, one will understand this company has not made a profit in over a decade and may move on. 

Yes Axu did not make a profit, but it was mothballed in order not to go bankrupt and it was surviving  with contracts of  the cleaning of mine sites . During that decade it increased it proven reserves by 10 x. Diluting the shares reasonably and no debts. Now it operating but as history will tell during the course of a worldwide Pandemy.

some posts even put in doubt the stated shortages of parts. Wow the mighty USA have a full shortage of baby food, the US President had to get involved to obtain critical supplies of baby food. Theses leech's are spreading half truth to make money at the expenses of companies and share holders. The worst part is these leeches have the arrogance of turning our points against the share holders are they state with are promoters or other BS.

This is only happening because laws are not being enforce at this time but it is coming as many are putting pressure and some are not the little guy like me.

 

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