Stock Pick – February 6, 2019

Stock Pick – February 6, 2019

I purchased 10 shares in AppFolio (APPF) for $63.25 today. They do not pay a dividend but are a growth company.

AppFolio is a cloud services company. They provide Software As a Service (SAAS) to 2 different vertical markets. Their main product is for property management companies. They are one of the largest (I think largest, but not positive) property management software companies for the independent property manager. Their second market is law offices.

I intend to hold them long term and will likely purchase more shares.

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