Added to YB: 2025-09-30
Pitch date: 2025-09-27
FWRD [neutral]
Forward Air Corporation
-41.33%
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
$532.7M
Pitch Price
$27.00
Price Target
30.00 (+89%)
Dividend
N/A
EV/EBITDA
2.93
P/E
-1.75
EV/Sales
0.99
Sector
Air Freight and Logistics
Category
special_situation
Updates on a few key stonks and other stuffs - Forward Air Corporation
FWRD (update): Likely takeout candidate w/ 2nd round bids indicated early Sept, board member resigned pre-bids (possibly for deal discretion), ongoing silence suggests active negotiations. Clearlake owns 12% at ~$28 VWAP, bid likely >$30 vs current price. Debt matures 2030, below 6.7x covenant. Multiple bidders reduce execution risk vs other deals.
Read full article (3 min)