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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

Comment by stockgainson Nov 13, 2018 12:05pm
85 Views
Post# 28965739

RE:Q3 CC

RE:Q3 CCAgreed, not the most exciting CC ever and probably not enough to get the sp moving to much higher. I think part of the issue also lies in the fact that management does not want to talk about line of business numbers so it's very hard to determine the impact of new products such as Wheelman. It also takes a long time for new products to be designed, created, tested and then put into full production so many are probably tired of waiting. I think they have done a good job weathering the very prolonged downturn in the ag sector but my frustration is more about the fact they are getting almost $18M is sales in what continues to be a sluggish sector, just think what they would be doing if the sector picked up...but that where the patience (and lots of it) come into play.
ZoranSto wrote: Well that was very uneventful....only one person asking questions. I would have thought there would have been several asking questions. So unless we reach out directly to management we wont get any answers. Still no idea why the sp dropped so much this morning considering that was one of our best Q3 results in a very very long time...



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