Added to YB: 2025-09-09
Pitch date: 2025-07-23
FWRD [bullish]
Forward Air Corporation
-16.79%
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
$30.61
Price Target
40.00 (+57%)
Dividend
N/A
EV/EBITDA
3.47
P/E
-4.82
EV/Sales
1.11
Sector
Air Freight and Logistics
Category
special_situation
Forward Air Corporation - $FWRD
FWRD: Strategic alternatives process nearing completion with 5 PE firms (Clearlake, Platinum, EQT, Apollo, AIP) submitting bids. Expect $40+ takeover (~30% upside) within 2 months. Board obstacles removed at June AGM, competitive process underway. Asset-light LTL trades 12-20x multiples. Sale likely before Aug 11 earnings.
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