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Great Ajax Corp T.AJX


Primary Symbol: AJX

Great Ajax Corp. is an externally managed real estate company. The Company’s primary business is acquiring, investing in and managing a portfolio of mortgage loans. The Company operates in a single segment focused on re-performing mortgages, and to a lesser extent non-performing mortgages and real property. The Company primarily targets acquisitions of re-performing loans (RPLs), which are residential mortgage loans and non-performing loans (NPLs), which are residential mortgages. It invests in single-family and smaller commercial properties directly either through a foreclosure event of a loan in its mortgage portfolio, or, less frequently, through a direct acquisition. It may acquire RPLs and NPLs either directly or in joint ventures with institutional accredited investors. It may also acquire or originate small balance commercial loans. Its manager is Thetis Asset Management LLC. It conducts its business through its operating partnership, Great Ajax Operating Partnership L.P.


NYSE:AJX - Post by User

Comment by KerBeron Mar 29, 2019 6:45pm
100 Views
Post# 29556879

RE:RE:RE:Kal Husam

RE:RE:RE:Kal HusamThis is one of my big gripes with this company, the only time you see insider activity is when they sell their "reward for doing such a great job" shares. Why do we even award shares to management when they have done zero for shareholders? There should be thresholds management have to meet before any shares are awarded, such as revenue increases, share price appreciation, patents awarded, etc. Just giving management shares because they show up for work is ludicrous and in no way benefits shareholders, you know, the people who actually own the company. A decision has to be made, should the company continue to thread water, providing no return for shareholders or should the company be sold in whole or piecemeal. Regardless, this pattern cannot continue. I say put the company on the market and see what interest there is.
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