RadioShack headed for Chapter 11?

Troubled RadioShack hit a new low as Wedbush Securities cut its price target for the electronics retailer to $0. Wedbush's analyst Michael Pachter said the retailer was unable to successfully negotiate the closure of 1,100 stores with its credit lenders and is now under the control of these creditors. "We believe a bankruptcy reorganization is imminent," explained the Wedbush report. Story