WestPoint Stevens Inc., (WPS) which saw its bonds drop from the high-60s to the mid-40s in the last three weeks, could enter bankruptcy territory by year end, said at least one analyst. And if that weren’t trouble enough, one-third of the company’s shares are in danger of being repossessed by banks and sold on the open market. The shares, beneficially owned by Chief Executive Officer Holcombe Green, served as collateral for a loan which is now in default.
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