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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 Dec 13, 2018 6:05pm
169 Views
Post# 29112925

Mahindra news release

Mahindra news releaseClearly very early days but add this to the potential catalyst list to monitor under OEMs. This one could be absolutely huge (larger than Claas) over time but it’s likely going to take a few years for numbers to materialize. In other words it’s yet another wait and see story. Still landing Mahindra is a very strong win for the management team. Also will make the company far more attractive as an acquisition target once products become imbedded in the Mahindra product line. Stay tuned!
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