Added to YB: 2025-06-18
Pitch date: 2025-06-16
FWRD [bullish]
Forward Air Corporation
+10.69%
current return
Author Info
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
$23.01
Price Target
46.00 (+81%)
Dividend
N/A
EV/EBITDA
3.47
P/E
-4.82
EV/Sales
1.11
Sector
Air Freight and Logistics
Category
special_situation
It might be time to get into Forward Logistics (FWRD)
FWRD: Multiple PE firms (Blackstone, Apollo, Platinum, Clearlake) bidding on troubled logistics co after disastrous Omni acquisition (Aug 2023) destroyed value. Initial bids due July. Activists (Ancora, Irenic) forced strategic review after governance failures. At ~$23, price could double at 12x EBITDA valuation.
Read full article (5 min)