At this point, it's hard to see that Borders isn't on the verge of a bankruptcy filing, the best case scenario would be a Chapter 11 that would reorganize into a much smaller company that might have a go if focusing on stores that actually make money, but even that, I can't be real optimistic because same store sales are dropping so fast that a store which makes money today might not in two years. Though we live in a country that does allow companies to spend lots of time going bankrupt and doing it on multiple occasions, witness the airline industry. So what happened? OK, mid 1980s, Borders is one of the best stores around and starting to spread out in Michigan a little and lend out its inventory system. It's a good system. It lets stock sell down, then reorders. One day you might have 0 copies of The Anubis Gates by Tim Powers on the shelf, the next day they'll get 3 in. So everytime you go to Borders, even if it's once a week, you might see a slightly di...
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