Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 CSIFailon Mar 26, 2019 1:01pm
114 Views
Post# 29537481

RE:Congratulations AJX Management

RE:Congratulations AJX Management
They probably have meetings to discuss how to make the public facing aspects of this company as boring as possible. And they're succeeding! Investors will not invest with at least some indication of where the revenues are going. The management is not saying. So what's the point of investing? If the management can't grow revenues then they should just find a buyer and sell the company as a tuck-in for a more established firm.
 
Ask yourself, given all the information released from the company in the past 12 months, would you invest? Would you continue to hold the stock? My guess is no and hence the stock price will languish since everyone is selling.
 
The only positive for this company is the cash in the bank and their expenses are under control. They can keep going like this forever but the share price will probably not budge.
 
That said I do think that the technology and business connections they have are more valuable in the hands of a bigger organization. I think the best exit strategy is for the management to put the company up for sale. I think at some point a fund with deep enough pockets will also realize this, buy enough shares, and advocate for this to happen. They'll make money and oust the management team. Alternately the mangement team can be proactive and actually do something for investors.
 
If the large PO gets renewed or otherwise shifts to a more regular quarterly order it would probably bode well for the stock price as it would likely result in stable bottom-line earnings going forward.
<< Previous
Bullboard Posts
Next >>