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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 lamtonon Nov 02, 2021 12:25pm
117 Views
Post# 34077754

RE:Very Interesting

RE:Very InterestingI can't see, at best, a slight improvement on the Q3 financials will entice an increase to the offer, management already is willing to let go at the price negotiated. Besides, Kubota is not buying us because it will help its bottomline, they just need our IP's, the only way to get a better offer is to vote it down in my opinion. There's no indication from the buyer's side that this deal will not be completed at this point, just waiting for shareholders approval, and the management already put out a circular to recommend this deal, so why would they even think of increasing the offer just because of one quarter financial impact.
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