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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
Comment by JonathanJSmithon Dec 20, 2016 9:08am
192 Views
Post# 25623550

RE:RE:RE:RE:insider buy

RE:RE:RE:RE:insider buy
The one saving grace for this outfit is that the TSE doesn't have a minimum price bid requirement, so its stock can sit in the penny range indefinitely and it could continue to look like a good deal to some, based on PPS alone.

I'm amazed that the company is still valued at more than 1x revs considering that most micro caps have been hit hard lately - the only thing skewing the indices are the large caps and blue chips; what a misleading market we're in.

If they get into a position to require additional funding, you'll see how fast they implement a reverse split; at the current share count, it won't be pretty.

Cheers,

JJ
Bullboard Posts