Just desserts

Jim tells me that Circuit City has just filed for bankruptcy. As I predicted 18 months ago, Circuit City is learning the hard way that firing people for being good at what they do is a very expensive way to save money. Given their > 99% drop in stock price, I don't give them much of a chance of avoiding Chapter 7 in the not too distant future. The market is clearly saying that their recovery would be nothing short of a miracle.