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 > Why is management so bullish on H2 2021 and beyond?

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Comment by sparkyAgon Jul 12, 2021 7:56pm

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Post# 33533992

RE:RE:Why is management so bullish on H2 2021 and beyond?

I dug this out on R&D as a % of sales) : 2016 (18.30%), 2017 (17.55%), 2018 (13.16%), 2019 (15.48%), 2020 (29.42).

Then there is the expense of defendng the results of the R&D; filing patents, infringement suits, etc.

I would like to know how much has been spent since inception. It must be a huge number.

And this money was not wasted. It resides in technology that has real value in the next leg of PA; automation, connectivity and autonomy.

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