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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 May 27, 2020 11:10am
205 Views
Post# 31077963

Mahindra

MahindraWe already know that Mahindra and AJX agreed to co-develop products. I suspect over the next few months we could see an announcement as to the results of that initiative and it might be very positive for AJX. Mahindra is trying to make up for a lot of lost ground in precesion agriculture and auto steering (as is Kubota). Their name is being mentioned a lot more in articles like this one in terms of driverless. You need automation and steering to deliver these products and the tech will flow through the rest of Mahindra's farmer controlled products:

OEMs like CNH Industrial, John Deere, Kubota and Mahindra have already developed their driverless tractors, a technology that is moving in parallel with the automotive industry. Imagine in a few years a farmer using his smart phone for renting a driverless tractor.


https://auto.economictimes.indiatimes.com/news/automotive/farm-equipment/opinion-farm-equipment-industry-covid-19-outbreak-exit-plan/76006112

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