Great Ajax Corp T.AJX

Primary Symbol: AJX

Real Estate

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

Great Ajax Corp > Same Seller Back Again

<< Previous

Bullboard Posts

Next >>

Comment by dt_coreon Mar 12, 2020 4:12pm

628 Views

Post# 30801060

RE:RE:Same Seller Back Again

Probably yes. So why no buyback? Could be because the quiet period ahead of the upcoming earnings call won't let them. That doesn't mean they couldn't reach out to the seller and make an arrangement ahead of then.

Not many times have I seen a company trade below it's cash value. AJX literally has enough cash in the bank to buy out its entire market cap and still have a cushion. The CAD/USD exchange rate is now 1.4 or therabout meaning they have close to C$30mm in cash on the balance sheet, though possibly they've burned through some of that (probably $3-5mm worth). Still at a market cap of C$15mm the company could take out a lot of shares and have plenty in the bank.

<< Previous

Bullboard Posts

Next >>

Changing Europe’s dependency on HREE from China