Spotlight Stocks Report Numbers

100% Upside In The Cards For Both MSM Quality Index Spotlight Stocks, Supported by Strong Q1 Numbers.

Fitlife Brands (FTLF)

FTLF was our first MSM Quality Index (MSMqi) spotlight stock shared in April. It announced preliminary results supporting the bullish thesis in the post. The company showcased a significant increase in Adjusted EBITDA, which likely means the company could do about $0.57 of EPS (if they do not have any extra non-cash or non-recurring items). 

This is up from $0.11 in Q1 of 2023 and up sequentially from $0.36 in Q4 of 2023. Using a P/E of 25 on the Q1 run-rate EPS would imply a price target of $57 (now $29 per share). This does not even include the full impact of the company’s acquisition of MusclePharm.

FTLF is up about 15% since we highlighted it and up 83% since addition to the index, but we see further gains coming. We originally wrote up this Cliff Note back in September 2022.

The second spotlight was highlighted at the beginning of this month, and it reported earnings yesterday after the market close…