Whencontacted by TradeWinds a leading Wall Street equity analyst noted the new outpostis a ten minute drive from a branch of the US bankruptcy court.
Given theNew York-listed bulker owner’s recent financial struggles, the observation hasprompted speculation that a Chapter 11 filing in the Southern District may beimminent.
Previously,many equity analysts and traders were hearing rumours that bankruptcy lawyers andconsultants had told Excel that Houston was the best place to seek protectionfrom creditors if it decided to pull the trigger.
Another
