My old-school two-fingers approach to spot value at liquidation all the way through the balance sheet (only) – rather than (only) giving the middle finger to those mad dogs* in banking who came up with the brilliant idea of creating Forward Air (FWRD) + Omni Logistics.
(*Promptly skip to the bottom of this column for the greetings.)
That’s the mood today.
Emotions aside: a) massively over-leveraged; b) with debt covenants firmly on all …
The post At liquidation value: M&A mongrel Forward Air – how exciting! appeared first on The Loadstar.
