Added to YB: 2025-11-17
Pitch date: 2025-11-13
FWRD [bullish]
Forward Air Corporation
+22.98%
current return
Author Info
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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
$20.71
Price Target
40.00 (+57%)
Dividend
N/A
EV/EBITDA
3.47
P/E
-4.82
EV/Sales
1.11
Sector
Air Freight and Logistics
Category
special_situation
Show full summary:
Updates on other risk arbs ($FWRD)
FWRD: Business stabilized, Omni performing well, cash flow at recent highs lowering net leverage. Multiple inbound offers from strategics, mgmt eyeing $40 deal price per Axios. Apollo likely bidder for less complex transaction. $1.5M mgmt incentive pool for strategic review completion.
Read full article (1 min)