AXR Stock Recent News

AMREP Corporation owns a significant amount of land in Rio Rancho, New Mexico, positioning them to benefit from population growth in the area. The company has, to an extent, control over the rate at which subdivisions and building projects are developed, providing price protection. Rio Rancho is experiencing a growing population due to Albuquerque's very limited ability to expand.

With the overall U.S. stock market struggling for direction, stock picking is now of paramount importance. Little-followed microcaps offer an area where bargains can be found.

AMR is a land developer and homebuilder in Rio Rancho. The company has massive assets in the city, which have been the topic of debate among deep value investors.

AMREP Corporation's share price has fallen with the market year to date, down more than 20%, but financials have improved since. The balance sheet continues to grow and remains robust, while sales are also improving as margins have improved.