Subscribe to Premium
Subscribe to Premium
Advanced Search
+

Comment / Cash call now? Forward Air – kinda from heaven to hell and back

Options
ID 115717627 © Photoking | Dreamstime.com
By

Up +71.6% to $19.24 since 21 May’s hellish low of $11.21, in line with stock levels of 25 years ago, that’s where…

… the recent rally leaves the most distressed M&A story of 2024, Forward Air (FWRD).

What it means is not that difficult to understand, price-wise, drawing from certain balance sheet figures.

As we wrote on 10 May, if we go with a theoretical liquidation value of $721.7m for most of its current assets at a 100% recovery rate – giving accounts ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium

Or buy full access to this story only for £15.00

Please login to activate the purchase link or sign up here to register an account

Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    Forward Air Omni Logistics private equity DB Schenker Deutsche Bahn DSV M&A radar Takeover Talk

    Most read news

    No end to chaos in sight for shippers as Canada's port rows escalate

    Cyber attack on tech provider blacks out live tracking for UK retail deliveries

    Canada's west coast port employers lock out union workers set to strike

    Port of Montreal set for new strike at TerMont terminals tomorrow

    Ripples from standstill at strike-bound Canadian ports could spread inland

    'Desperate' GRIs by carriers prop up Asia-Europe spot rates, for now

    CMA CGM offers discount vouchers to fill ships out of India as exports dip

    Forwarders warn shippers to expect a second ILA-USMX work stoppage

    Cargo operations at Brazil's Guarulhos Airport on brink of collapse

    'Strong' Q3 for Maersk as it prepares for alliance launch – but no bid for GXO

    Maersk and Hapag-Lloyd line up major newbuild order to boost Gemini fleet

    Typhoon Kong-ray creates congestion at Shanghai, Ningbo and Kaohsiung

    Carriers drop calls at Hamburg after congestion builds at CTA

    ONE enjoys huge profit rise – every eastbound transpac ship full

    Port of Valencia slowly gets back to work after floods from rainstorms

    DFDS pulls out of €500m Ekol takeover bid