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

<< Previous

Bullboard Posts

Next >>

Post by KerBeron Mar 29, 2020 8:36pm

269 Views

Post# 30858529

Good Buy or Good Bye?

Just a few numbers to ponder. At .075 a share, the market cap of AJX is approx. $8.8 million CDN. The company has approx. $24 million CDN in cash, intangible assets of approx. $14 million CDN, accounts receivable, inventories, prepaid expenses, etc. of $9.6 million CDN. So rough total of $47.6 million value in the company less liabilities of $8 million CDN. That translates into .34 cents a share. Even if you back out the intangibles ( and remember, intangibles are not goodwill ) of $14 million, you still come to a cash value of .21 cents a share. That's three times what we are trading at. Looks like a good buy at these levels.

<< Previous

Bullboard Posts

Next >>

Southern Ontario mineral processing operation receives green fund support