Added to YB: 2024-08-14
Pitch date: 2024-08-09
FWRD [neutral]
Forward Air Corporation
+0.55%
current return
Author Info
No bio for this author
Company Info
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada.
Market Cap
$708.1M
Pitch Price
$25.33
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.47
P/E
-4.82
EV/Sales
1.11
Sector
Air Freight and Logistics
Category
turnaround
ClearBridge Small Cap Value Strategy - SELL: Forward Air Corporation
FWRD: Asset-light freight/logistics co facing weak markets, excess capacity & pricing pressure. Struggling w/ Omni Logistics acquisition synergies, increased leverage. Lack of clear strategy under new CEO led to position sell. Weak end markets, M&A integration & strategic direction key risks.
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