Great Ajax Corp T.AJX

Primary Symbol: AJX

Real Estate

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.

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Great Ajax Corp > Stock Selloff

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Post by jacjunon Nov 25, 2020 9:58pm

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Post# 31976047

Stock Selloff

Benj purchased AJX in 2011 at .66
Had target price of 2.49 - lowered to 1.34 this year
Selling because of ugly qtrly results posted 2 wks ago , revenue drop due to loss of major contract and will not be renewed , cash drop from 17 mill to under 10mill .
Earnings drive share price and this company has none.

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