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Stock impact report

AMREP Is Getting More Aggressive With Building, But Still Not An Opportunity [Seeking Alpha]

AMREP Corporation (AXR) 
US:NYSE Investor Relations: amrepcorp.com/press.asp
Company Research Source: Seeking Alpha
The company recorded the sale of commercial properties, generating additional revenue but with accrual losses. There are indications of an improving home-building segment, with an increase in homes under construction and continued shareholder buying. Still, from a recurring earnings capacity standpoint, the stock is not attractive at these prices. AMREP Corporation ( NYSE: AXR ) is a land developer and home-builder. I have covered AMREP since February 2023 , with a Buy rating until January 2024 , when I changed my rating to Hold. The reason I was bullish Recommended For You Recommended For You Show less Read more
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