Russell Schaub - Great Ajax President


USD 7.86  0.14  1.75%   

Mr. Russell Schaub is President, Director Vice President and Chief Operating Officer of Gregory Funding LLC of the Company. He was with Aspen Capital since 2010, and was Vice President and Chief Operating Officer of Gregory Funding LLC, since June 2011. Mr. Schaub also serves on the internal investment committee of Thetis Asset Management LLC, our Manager. He became a member of our Board upon our IPO in February 2015. Mr. Schaub has served on the Board of Directors of High Desert Bank since 2013. In June 2008, Mr. Schaub was the founder and managing member of Shackleton Capital Partners, a private equity firm specializing in mortgage and real estate opportunities. From June 2003 to May 2008 Mr. Schaub held executive positions at Chase Home Finance and Citibank Credit Cards. From March 2001 through December 2002 Mr. Schaub was the President and CEO of TrueCredit, a Lehman Brothersfunded venture that he sold to TransUnion. Prior thereto, Mr. Schaub was with Citigroup and Chemical Bank for 16 years in their mortgage, home equity, credit card and banking businesses. He was the President and Chief Operating Officer of Citibanks Home Equity business from July 1998 to February 2001 and was the Chief Financial Officer of CitiMortgage and then Citibank Consumer Assets from January 1995 to June 1998
Age: 56    MBA    
503 505 5670
Schaub has an A.B. in Economics from the University of Chicago and an M.B.A. in Finance and Marketing from the University of Chicago Booth School of Business.

Great Ajax Management Efficiency

Great Ajax Corp has Return on Asset of 2.18 % which means that on every $100 spent on asset, it made $2.18 of profit. This is way below average. In the same way, it shows return on shareholders equity (ROE) of 7.37 %, implying that it generated $7.37 on every 100 dollars invested. Great Ajax management efficiency ratios could be used to measure how well the company manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 1.19 B in debt with debt to equity (D/E) ratio of 2.44, meaning that the company heavily relies on borrowing funds for operations. Great Ajax Corp has a current ratio of 2.09, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Great Ajax until it has trouble settling it off, either with new capital or with free cash flow. So, Great Ajax's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Great Ajax Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Great to invest in growth at high rates of return. When we think about Great Ajax's use of debt, we should always consider it together with cash and equity.

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Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. Great Ajax Corp. was incorporated in 2014 and is based in Tigard, Oregon. Great Ajax operates under REITMortgage classification in the United States and is traded on New York Stock Exchange. Great Ajax Corp (AJX) is traded on New York Stock Exchange in USA and employs 1 people.

Great Ajax Corp Leadership Team

Elected by the shareholders, the Great Ajax's board of directors comprises two types of representatives: Great Ajax inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Great. The board's role is to monitor Great Ajax's management team and ensure that shareholders' interests are well served. Great Ajax's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Great Ajax's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jonathan Handley, Independent Director
Glenn Ohl, CFO
Kirk Ogren, Independent Director
Paul Friedman, Independent Director
Mary Haggerty, Independent Director
John Condas, Independent Director
Daniel Hoffman, Independent Director
Lawrence Mendelsohn, Chairman of the Board, Chief Executive Officer; Manager of Thetis Asset Management LLC
Mary Doyle, Chief Financial Officer; Chief Financial Officer of Thetis Asset Management LLC and Gregory Funding LLC
Russell Schaub, President, Director; Vice President and Chief Operating Officer of Gregory Funding LLC
Steven Begleiter, Director
J Ogren, Independent Director

Great Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Great Ajax a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Great Ajax in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Great Ajax's short interest history, or implied volatility extrapolated from Great Ajax options trading.

Pair Trading with Great Ajax

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Great Ajax position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Great Ajax will appreciate offsetting losses from the drop in the long position's value.

Moving together with Great Ajax

+0.84HPQHp Inc Fiscal Year End 22nd of November 2022 PairCorr
The ability to find closely correlated positions to Great Ajax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great Ajax when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Great Ajax - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Great Ajax Corp to buy it.
The correlation of Great Ajax is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Great Ajax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Ajax Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Great Ajax can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Trending Equities. You can also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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Is Great Ajax's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Great Ajax. If investors know Great will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Great Ajax listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Great Ajax Corp is measured differently than its book value, which is the value of Great that is recorded on the company's balance sheet. Investors also form their own opinion of Great Ajax's value that differs from its market value or its book value, called intrinsic value, which is Great Ajax's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Great Ajax's market value can be influenced by many factors that don't directly affect Great Ajax's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Great Ajax's value and its price as these two are different measures arrived at by different means. Investors typically determine Great Ajax value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Great Ajax's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.