Windstar Cruises Bankrupt, But Still Sailing

In a not too unexpected move after trading in its stock was suspended by NASDAQ last Friday, Ambassadors International, Inc, owner of Windstar Cruises, announced that it has voluntarily filed petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court. It has also entered into an agreement with a private investment firm, Whippoorwill Associates, Inc,  as agent for its discretionary