Mr. Needcommons: The axr comparison to the dot com. bust is a bit weak. Axr has earnings, a dividend, real (paid for) assets and no cash burn rate. Those dot com. companies were living off the money from their public offerings.
The real estate in Rio Rancho will not decline in value. In fact it will probably continue to get pricier because of growth demand. AXR,s sales may slow some for a while but they'll continue to make a bundle on each acre they sell.
Kable Media news??? This kind of Company will always make money if they get other Companies to where they want to go. Kable can do the job cheaper and better than a Company setting up there own infrastructure. IMHO.
We'll see 50 again and it will be a lot sooner than the many skeptics think. Amrep will continue to buy in shares at these cheap prices and the Company will be owned by fewer outstading shares. Usually a very good sign for a stock price going forward.
Why not jump onboard. Help the cause and enjoy the next ride up.