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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 Possibleidiot01on Jul 13, 2021 6:30pm
117 Views
Post# 33540121

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

RE:RE:RE:Why is management so bullish on H2 2021 and beyond?SparkAg using your numbers and yearly revenues figures for Agjunction provided by tsx.com . I get $35.28 million in R and D  for the years 2016-20.
Figures below

2016 - $42.26 million @ 18.3% = $7.73 million
2017 - $46.78 million @ 17.65% = $8.20 million
2018 - $64.52 million at 13.16% =$8.49 million
2019 - $15.98 million at 15.48% = $6.07 million
2012- $24.42 million at 29.42% = $4.79 million

This is an impressive amount of cash
When you google R and D expense percentages - you get
"In the U.S., a typical ratio of research and development for an industrial company is about 3.5% of revenues. A high technology company such as a computer manufacturer might spend 7%."

If R and D continues at a 15% rate as management is guiding towards ........
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