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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

Bullboard Posts
Post by dt_coreon Nov 13, 2013 11:41am
289 Views
Post# 21901673

Earnings Release Reminder

Earnings Release Reminder
Very intersting that AJX is re-issuing the conference call notification today, to remind those that it is happnening tomorrow with earnings release. Quite a difference vs. prior quarters IMO. Today the company is making sure that people pay attention to the earnings release. That combined with a stock that hit a 52 wk high and surged 10%+ yesterday is quite interesting.

For the quarter release, focus really shouldn't be on the seasonally slow Q3, but rather on the guidance and any indication about where the company is heading. I would also like management to disclose any takover offers they may have recieved, but I doubt that's in the cards.

Key items for the quarter:


1. Discuss the China opportunity and quantify if possible
2. OEM: The recent CLAAS announcement is great. Where is traction going to be experienced elsewhere? Also, is the CLAAS annoucnement just the start of what will happen via the strategic engagement signed a few years ago (meaning is there more upside than what the market is pricing)

3. How are marketing innitiatives leading to positive traction in Outback?
4. What is the potential upside on Cloud sales?
5. Any strategic inisghts regarding a sale of the business or future strategic partnerships.

Bullboard Posts