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.

NYSE:AJX - Post by User

Great Ajax Corp

Bullboard Posts

Comment by AncasterMikeon Aug 14, 2014 12:31pm

258 Views

Post# 22842081

RE:RE:Not too pretty.

Pretty ugly, which was somewhat expected. Not sure how I feel about the new sales model, other than it (once again) makes it hard to compare quarters and determine how the company is doing. Not happy about the high legal expenses and cuts to R&D and marketing.

Bullboard Posts

TELUS adds 347K customers in Q3