AXR News Alert Amrep Corp (AXR) 5.06 02/14/2015 07:58:02

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Amrep Corp (AXR) 5.06 $AXR

Amrep skies as it jettisons money-losing division
Seeking Alpha - at Seeking Alpha - Tue Feb 10, 11:55AM CST

AXR: 5.06 (+0.09)

Midday Gainers / Losers
Seeking Alpha - at Seeking Alpha - Tue Feb 10, 11:45AM CST

AMKR: 8.90 (-0.02), AXR: 5.06 (+0.09), APDN: 3.45 (+0.05), XON: 39.30 (+1.05), BIOC: 1.41 (+0.22), NBG: 1.61 (+0.18), PFNX: 12.45 (+0.29), SSNI: 9.15 (+0.36), ARO: 3.63 (+0.04), COUP: 11.06 (-0.07), ANTH: 3.84 (+0.06), NILE: 29.02 (+0.07), MPO: 1.00 (-0.02), QLYS: 47.95 (+1.46), DF: 16.19 (-0.11), FNJN: 2.77 (-0.36), PGN: 2.88 (-0.07), RCON: 2.11 (+0.15), MERU: 2.74 (-0.01), BDL: 34.03 (-0.42)

AMREP Sells Its Newsstand Distribution Services Business And Its Product Packaging And Fulfillment Services Business
PR Newswire - Mon Feb 09, 4:30PM CST
AMREP Corporation (NYSE: AXR) today reported that it has sold its Newsstand Distribution Services business and its Product Packaging and Fulfillment Services business pursuant to the sale of capital stock to entities controlled by Michael P. Duloc. The closing of the sale occurred on February 9, 2015.
AXR: 5.06 (+0.09)

NYSE stocks posting largest volume increases
AP - Tue Dec 30, 5:31PM CST
NEW YORK (AP) — A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:
SXCP: 24.85 (+0.06), IPHI: 19.17 (-1.48), MOG.B: 74.29 (+1.81), FCE.A: 25.32 (-0.08), MOG.A: 74.61 (+1.47), AXR: 5.06 (+0.09), RRMS: 43.24 (+1.09), CCO: 9.46 (+0.07), AMID: 18.94 (+0.44), CVEO: 3.87 (+0.15)

Amrep (AXR) Upgraded From Sell to Hold
at The Street - Mon Dec 22, 9:10AM CST
Amrep (AXR) has been upgraded by TheStreet Ratings from Sell to Hold with a ratings score of C-. 
AXR: 5.06 (+0.09)

AMREP Corporation EPS of $0.03
Seeking Alpha - at Seeking Alpha - Fri Dec 12, 3:22PM CST

AXR: 5.06 (+0.09)

AMREP Reports Second Quarter Fiscal 2015 Results
PR Newswire - Fri Dec 12, 3:15PM CST
AMREP Corporation (NYSE: AXR) today reported net income of $254,000, or $0.03 per share, for its fiscal 2015 second quarter ended October 31, 2014, compared to net income of $52,000, or $0.01 per share, for the second quarter of the prior fiscal year. For the first six months of 2015, the Company had net income of $6,518,000, or $0.83 per share, compared to a net loss of $635,000, or $0.09 per share, for the same period of 2014. The results for the second quarter of fiscal 2015 included an adjustment reducing a reserve for doubtful accounts receivable from a magazine wholesaler by $900,000 ($567,000 after tax, or $0.07 per share), and there was a similar $300,000 adjustment ($189,000 after tax, or $0.03 per share) in 2014. The results for the first six months of 2015 included a non-cash pre-tax gain on a settlement agreement with a significant customer of $11,155,000 ($7,028,000 after tax, or $0.90 per share) offset in part by a non-cash impairment charge of $925,000 ($583,000 after tax, or $0.07 per share) reflecting the discontinuance of the development of certain software in the Company's Subscription Fulfillment Services business. Revenues were $19,338,000 and $37,266,000 for the second quarter and first six months of 2015 compared to $22,763,000 and $43,272,000 for the same periods in the prior year.
AXR: 5.06 (+0.09)

Amrep's Rio Rancho Dream May Turn Out To Be A Desert Mirage
Munger Fan - at Seeking Alpha - Fri Oct 24, 8:08AM CDT

AXR: 5.06 (+0.09)

Amrep Shares Down 10.5% Since SmarTrend's Sell Call (AXR)
Comtex SmarTrend(R) - Fri Sep 19, 9:59AM CDT
SmarTrend identified a Downtrend for Amrep (NYSE:AXR) on August 1st, 2014 at $5.60. In approximately 2 months, Amrep has returned 10.46% as of today's recent price of $5.01.
AXR: 5.06 (+0.09)

AMREP Reports First Quarter Fiscal 2015 Results
PR Newswire - Mon Sep 15, 3:15PM CDT
AMREP Corporation (NYSE: AXR) today reported net income of $6,264,000, or $0.82 per share, for its fiscal 2015 first quarter ended July 31, 2014, compared to a net loss of $687,000, or $0.11 per share, for the first quarter of the prior fiscal year. The results for the first quarter of fiscal 2015 included (i) a non-cash pre-tax gain of $11,155,000 (approximately $7,028,000, or $0.92 per share after tax) resulting from a comprehensive settlement agreement with a significant customer and (ii) a non-cash impairment charge of $925,000 ($583,000 after tax, or $0.08 per share) reflecting the discontinuance of the development of certain software. Revenues were $17,928,000 in the first quarter of this fiscal year compared to $20,509,000 for the same period in the prior year.
AXR: 5.06 (+0.09)

AMREP Enters Into Oil and Gas Lease
PR Newswire - Tue Sep 09, 3:22PM CDT
AMREP Corporation (NYSE: AXR) today reported that its indirect subsidiaries, AMREP Southwest Inc. and Outer Rim Investments, Inc. (collectively, "AMREP Southwest" , have entered into an Oil and Gas Lease with Thrust Energy, Inc. and Cebolla Roja, LLC (collectively, the "Lessee" , in which AMREP Southwest leased to Lessee all minerals and mineral rights in and under approximately 55,000 surface acres of land in Sandoval County, New Mexico for the purpose of exploring for, developing, producing and marketing oil and gas.
AXR: 5.06 (+0.09)

NYSE stocks posting largest percentage decreases
AP - Mon Sep 08, 5:38PM CDT
NEW YORK (AP) — A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading:
COUP: 11.06 (-0.07), SEA.TO: 10.07 (unch), HK: 2.18 (-0.02), CPE: 7.37 (+0.27), AXR: 5.06 (+0.09), PES: 5.74 (+0.54), AKS: 4.87 (+0.39), WTI: 6.55 (+0.41), BAS: 7.28 (+0.62), EGY: 5.86 (-0.06), SA: 8.08 (+0.04)

Amrep Has Returned 16.4% Since SmarTrend Recommendation (AXR)
Comtex SmarTrend(R) - Wed Jul 30, 11:02AM CDT
SmarTrend identified an Uptrend for Amrep (NYSE:AXR) on June 2nd, 2014 at $5.04. In approximately 2 months, Amrep has returned 16.39% as of today's recent price of $5.86.
AXR: 5.06 (+0.09)

AMREP Reports Fiscal 2014 Results
PR Newswire - Tue Jul 29, 4:19PM CDT
AMREP Corporation (the "Company" (NYSE: AXR) today reported a net loss of $2,939,000, or $0.42 per share, for its fiscal year ended April 30, 2014 compared to a net loss of $2,838,000, or $0.47 per share in 2013. The results included pretax, non-cash impairment charges related to the write-down of certain long lived assets of $955,000 ($602,000 after tax, or $0.09 per share) in 2014 and $1,511,000 ($952,000 after tax, or $0.16 per share) in 2013. The results also included a reserve for doubtful accounts receivable primarily for magazine wholesalers who have discontinued operations of $2,458,000 ($1,549,000 after tax, or $0.22 per share) in 2014 and $2,000,000 ($1,260,000 after tax, or $0.21 per share) in 2013. Excluding the effect of the impairment charges and accounts receivable reserves in both years, the Company would have had a net loss of $788,000, or $0.11 per share, in 2014 compared to a net loss of $626,000, or $0.10 per share, in 2013.
AXR: 5.06 (+0.09)

Shares of AXR Up 23.7% Since Uptrend Call on Shares
Comtex SmarTrend(R) - Wed Jul 23, 9:35AM CDT
SmarTrend identified an Uptrend for Amrep (NYSE:AXR) on June 2nd, 2014 at $5.04. In approximately 2 months, Amrep has returned 23.73% as of today's recent price of $6.23.
AXR: 5.06 (+0.09)

Amrep Up 31.5% Since SmarTrend Uptrend Call (AXR)
Comtex SmarTrend(R) - Wed Jul 16, 9:08AM CDT
SmarTrend identified an Uptrend for Amrep (NYSE:AXR) on June 2nd, 2014 at $5.04. In approximately 1 month, Amrep has returned 31.48% as of today's recent price of $6.62.
AXR: 5.06 (+0.09)

Amrep Shares Up 39.6% Since SmarTrend's Buy Recommendation (AXR)
Comtex SmarTrend(R) - Tue Jul 08, 5:11PM CDT
SmarTrend identified an Uptrend for Amrep (NYSE:AXR) on June 2nd, 2014 at $5.04. In approximately 1 month, Amrep has returned 39.62% as of today's recent price of $7.03.
AXR: 5.06 (+0.09)




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