APPF

Over the weekend, I recorded a podcast on AppFolio which will be released within a few days. Before recording the podcast, I started reviewing my own as well some others’ work on the company. I have come to find some glaring gaps in my analysis published before on AppFolio which

Read my updated thoughts here Today, I have started a ~3% position in AppFolio (APPF) at $214.2/share. Back in February this year, I published my Deep Dive on AppFolio. Since then, the stock has underperformed both S&P 500 and QQQ by more than 20%. For the

You can listen to this Deep Dive here Some updated thoughts here “…we invested in the IPO, we purchased after the IPO from other investors. And pre IPO, there were other strategic investors and their mandates can change, they make an investment in year two, and in year seven, they