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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 dt_coreon Aug 11, 2021 9:04pm
146 Views
Post# 33689775

Still no earnings release

Still no earnings releaseAJX usually puts out the earnings releases after market close the day before the actual conference call and generally sometime between 4:30pm - 5:00pm est. It's now 9:00pm est and still no release. Hopefully this isn't a case of the company trying to bury a bad news quarter in the hopes that the late time won't get it much attention. If it is the case then it optically looks bad and won't accomplish what the company intends (bad IR teams don't seem to realize that investors know this game).

On the complete other hand of possiblities perhaps there is a matieral positive news release pending alongside the earnings release and the company intends to issue both sometime in the morning (now that would be a smart IR strategy!).
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