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 > Conference Call

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Comment by sparkyAgon Nov 15, 2021 2:17pm

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Post# 34128337

RE:Conference Call

Pissing on our own shoes.

Here was a problem, "with a 60% premium over our 30-day volume weighted average share price, which is significantly higher than the Raven transaction premium."

The "30-day volume weighted average share price" might have been much higher if more shareholders were on the construction crew rather than the wrecking crew.

There may be a lesson to learn here.

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