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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 Jul 15, 2021 4:16pm
100 Views
Post# 33553827

RE:RE:Pender Growth

RE:RE:Pender Growth Pender and the Contra team have both sold. Numbers in Q4 were quite low and cash burn quite high on account of the Ag Leader business loss so patience for these types of investors ran out. That's why the second half of 2021 is so important for the company to deliver on the optimistic outlook. A reversal of the downward revenue trend and cash burn would do wonders for investor confidence and ultimately the share price. It would also provide more confidence in the long term potential of the business if management delivers on their expectations. The long term potential exists and the real growth remains 1-3 years away but achieving some near term milestones is essential to building confidence, otherwise the board may have no other choice but to initiate a sale.
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