I love to invest in software-as-a-service (SaaS) companies. Even more, I'm attracted to small to mid-caps that most people haven't heard of yet. AppFolio (NASDAQ: APPF), the cloud small-business-management software company for property managers and legal firms, checks both of those boxes.
Here are five reasons investors should get to know this under-the-radar business.
The first question many investors ask when looking at a company is "what's the revenue growth?" Growth investors desire top-line growth at above-average rates (S&P 500 average revenue growth is in the low single digits). Looking at AppFolio's history, it should make most investors smile.