Challenges in Online Sales Hurt FitLife Brands (FTLF) in Q1

Alluvial Capital Management, an investment advisory firm, released its first-quarter 2026 investor letter. A copy of the letter is available to download here. The Fund delivered 3.0% in the first quarter of 2026, marking a solid start against flattish benchmarks. The outbreak of the war impacted the returns in the quarter. The portfolio prefers stable businesses with predictable cash flows, like staple foods, cleaning products, and communications, which offer protection when the economy...