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Out To Lunch: Down The Mississippi To The Gulf Of Mexico

Chet Overall
/
It's New Orleans

In 1814 it was the British who were "runnin' down the Mississippi to the Gulf of Mexico." Today, ships of almost every nationality are steaming down the river to the Gulf. 54 of them belong to International Shipholding. Their fleet of cargo vessels ply international trade from their current headquarters in Mobile, Alabama but they're set to return soon to their original home in New Orleans.

International Shipholding is a publicly traded company on the New York Stock Exchange and its CFO and Vice President is Manny Estrada. Manny joins Peter on this edition of Out to Lunch.

Randy Bullard also spends a lot of his time on the river, but also in it and under it. Randy is the President of River Services Company. The company has offices in Harahan, Mississippi, Tennessee and Kentucky and a fleet of 10 ships that provide river services like underwater construction, welding, and salvage.

In the You Heard It Here First segment of today's show Ron Gard introduces his entrepreneurial idea Wavepool. Which, incidentally, has nothing to do with waves or pools or water. You can hear a longer conversation about Wavepool with Ron, Peter, Manny and Randy here.

Peter Ricchiuti is the finance professor you wish you had back in college! His insight and humor have twice made him the top professor at Tulane University's A.B. Freeman School of Business. After a successful career on Wall Street, Ricchiuti served for five years as Assistant State Treasurer and Chief Investment Officer for the State of Louisiana. There he skillfully managed the State's $3 billion investment portfolio.