LifeMD Inc (LFMD)

[pmunch]

Good Morney Smart Money Followers,

Over the weekend, InvestorPlace.com published an article that raised the possibility that LifeMD (Nasdaq: LFMD) could become the next meme stock.

We like the sound of this at SmartMoney. You can read the full article here:

https://investorplace.com/2021/06/7-best-meme-stocks-to-buy-now-before-theyre-trending-on-reddit/

The article did a great job at describing ‘meme stocks,’ and what they can mean for investors:

“Meme stocks are among the hottest equities on Wall Street. Shares of such firms typically see a surge in activity and price in a short period of time, helped by followers of social media platforms like Reddit’s r/WallStreetBets or Twitter (NYSE:TWTR). These traders’ collective purchases mean a massive short-squeeze in a matter of days. As a results, these stocks smash intraday records in price moves. Knowing which meme stocks to buy before they go big is powerful knowledge.”

As most of you know, Smart Money Markets introduced LFMD to our subscribers when the stock was trading at a $10 million market cap. Now trading at a $347 million market cap, it has been an amazing trade.

Despite the run, we still think LFMD could have massive upside. The telemedicine and online pharmacy market is estimated to be a nearly $1 trillion market, and we believe the best is yet to come for LFMD and other early movers in the space.

It’s also worth pointing out that LFMD appears to be significantly undervalued relative to its peers. Its closest publicly traded comp, HIMS, trades at ~10x projected 2021 sales. LFMD still trades at ~3-4x projected 2021 sales.

Thanks for following The Smart Money.

¦ About Smart Money Markets
Smart Money Markets is a provider of paid-for research on publicly traded emerging growth companies. This is an advertisement. We are not a licensed broker-dealer and do not publish investment advice and remind readers that investing, especially in venture stage stocks, involves considerable risk. Although these stocks can offer upside, they can also lose 100% of their value. Smart Money Markets encourages all readers to carefully review the SEC filings of any issuers we cover and consult with an investment professional before making any investment decisions. Smart Money Markets is a for-profit business and is typically compensated for coverage of issuers we cover as well as other advisory work we perform. Although we always strive to be objective and present the facts, you should assume we are biased because of the financial relationship we have with companies we write about. We are long LFMD. This article was written by Smart Money Markets. Please contact us at [e-mail] for additional information or to subscribe to our intelligence service.