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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 dt_coreon Sep 25, 2018 10:36am
130 Views
Post# 28684882

Wheelman and Outback

Wheelman and OutbackI've seen some blog dialogue and farmer comments regarding both Wheelman and Outback. Sounds like the initial feedback on Wheelman is very positive and there is a buzz in the air about the product. The key will be to see how quickly the market takes up the product, but generating a buzz now well ahead of the spring planting season is quite positive. What is also interresting is many mid sized/larger farms appear to also be interested in the product for secondary pieces of equipment. Time will tell if the company can produce the sales needed to generate the earnings we've been waiting for all these years (and I mean beyond the one time large contract order).

Sounds like Hemisphere GNSS plans to spend a lot on developing and marketing Outback products globally, a sort of reinvigoration of the brand. Running a global distribution arm requires a lot of resources but they are backed by a rather large Chinese corporation. I realize the headlines associted with the current trade wars but demand for agricultural goods will not abate (rather it'll be rerouted globally) and Outback is manufacturered in Mexico thus side stepping current tarriffs. 

As an aside, anybody else getting dizzy from the huge whipsaw in the share price? Small cap investing is not for the faint of heart lol. A US listing would be great for certain to drum up both institutional and retail interest in the name.
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