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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

Post by Newinvestor123on Oct 30, 2020 4:53pm
263 Views
Post# 31817030

Back in the year 2000...

Back in the year 2000...I have been studying the chart for this company and went back all the way to the date of inception. I noticed the share price in the late 1990s trended approximately at where we are right now then around February 2000 the share price took off like a rocket to around $8.00 then by the end of 2001 it dropped sharply back to where it kind of started. I have been researching what lead to such massive swings in the share price but can not find anything on line. Is anyone familiar with the events back then? Perhaps the volatility then is attributable to the 1990s dot com bubble?  
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