Comment / Forward Air's mantra – 'trust the process'

Pray they pay
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A rather short call was held yesterday after the US market close between a management team of the two two exes leading distressed Forward Air and a handful analysts.

The outcome?

Trust the “process”. What? 

Trust the “process”, wherever it may lead Forward Air (FWRD).

Stock market reaction?

FWRD up +20% in after-hours trade, hitting $21… our base case just below $20 remains unchanged.

For all the ups and downs of recent times, net leverage fell sequentially and that was mildly positive, staying within covenants (more ...

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