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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

Post by KerBeron Aug 14, 2018 6:31pm
161 Views
Post# 28460494

CC.

CC.
Longest CC for a while but a lot of the usual talk about the future. Lot of money being spent on R+D, which is a good thing, and lots of money being spent on building up inventory for the bulk order. Cash position down but should be we should seeing a fairly decent increase by the end of Q3. Margins down slightly due to a different mix in sales but they expect it to average around 41% going forward. They are "slightly optimistic" for H2, said tariffs haven't affected the company. Canadian sales are down, European sales up ( things seem to be going well with Claas ). Hoping to be a fairly decent increase in revenue when Q3 reports.
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