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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 Jun 16, 2021 1:49pm
105 Views
Post# 33396023

RE:July 9th....news ????

RE:July 9th....news ????We should see a news release but likely light on details (similar to what they did with Kubota). Probably get some qualitative comments and that's all. Having said that Ag leader was Agjunctions second largest customer after Claas, so resolution of this dispute is potentially very material to the company and it's possible management provides more colour on the economics of the agreement. I also wouldn't be surprised to see Ag Leader pay AJX cash up front as part of the settlment to compensate for the breach ofcontract and for lost sales to AJX during the end of 2020 and first half of 2021. Normally Ag Leader would drive about $6-$9mm in sales for AJX over this period so a lot of revenue has been lost while patents were being infringed upon.
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