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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 dt_coreon Mar 30, 2020 9:57pm
149 Views
Post# 30862599

RE:Michael Brett McMickell.

RE:Michael Brett McMickell.We may actually have a CEO that finally “gets it”. Of course buying 650K shares at ten cents amounts to just $65,000 but at least the signalling is starting to come through. Investors want to know does management have conviction in the business... and frankly there is very little more powerful in terms of signaling then a management team putting its money where it’s mouth is. It’s even more important when that signalling is led by th CEO. Algorithms, investment data miners etc will all pick up on this activity if insider buying continues and that might be enough to finally pick up the stock somewhat, Hopefully there is more insider buying to come.
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