The Next to Fall????

Discussion in 'Other News' started by Opus, May 28, 2024.

  1. Opus

    Opus Road Train Member

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    Moody’s, Fitch downgrade Forward Air debt; stock decline now above 90% - FreightWaves

    Forward Air’s 52-week-high stock price was $121.38 on July 27, 2023. The acquisition of Omni was announced Aug. 10, when the stock opened at $113.36 and closed at $104.02. It got as low as $61.56 on Aug. 27 before rallying somewhat, and then resumed its slide to bring it to its current level, with a 52-week low set last week at $11.21, a decline of 90.7% from that late-July high.

    If I owned shares in Forward Air last July, I'd be pretty pissed right now
     
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  3. rollin coal

    rollin coal Road Train Member

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    Who invests into individual trucking company stocks like that though? Seems like a special sort of crazy (trying to be nice here).
     
    austinmike, BoostedTeg and Concorde Thank this.
  4. Opus

    Opus Road Train Member

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    I bought a bit of ODFL not long ago. I still have high hopes.
     
  5. Lazer

    Lazer Road Train Member

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    My Grandfather told us kids, to only buy stocks that have a long track record of consistently paying dividends, buy a stock hoping the price goes up to then sell, is nothing more than gambling.
     
  6. Opus

    Opus Road Train Member

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    All my individual buys are for a 20+ year hold. Amazon and ODFL. I don't feel like I'm gambling, but I might be. But, I think I'm right.
     
  7. Concorde

    Concorde Road Train Member

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    Shareholders are pissed right now and just filled a class action suit. Probably going to get worse before it gets better.
    I’ll gladly buy up some shares when it gets down to $0.50.
     
  8. mjd4277

    mjd4277 Road Train Member

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    I have an ESOP plan in Marten,though some of their stock has dropped a little. But they’re still in a better financial position than some other carriers.
     
  9. NorthEastTrucker

    NorthEastTrucker Medium Load Member

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    I was told last year by a O/o that if I'm going to Lease onto a company be sure they contact with Forward Ar. Yet someone on these forums saud said otherwise. Whow, I need to search these threads and Thank that Driver. :eek::eek:
     
  10. Cat sdp

    Cat sdp . .

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    And the market is hot now….its on quite a winning streak
     
  11. Suspect Zero

    Suspect Zero Road Train Member

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    The folks that shorted that crap lately are smiling from ear to ear.
     
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