Its like that all over the league. There is a lot of parity and good teams getting knocked off by bad. With the loser point, the league is designed to make .500 very achievable and most teams/fanbases feel like they are in it.
This season is basically a lost cause already, and probably will be by New year's. They need to go in the neighborhood of 32-15-5 the rest of the season and they are incapable of winning back to back games. They habitually come out flat and spot the opposition 2 or 3 goals. Ownership sits there because of 'communication, authenticity, family, wanting to be here, and being comfortable'.
I like and respect Granato's story and all... but this team right now is the definition of needing a coaching change, and it probably should have been done 3 weeks ago. NHL coaches have a very limited shelf-life. Craig Berube got fired the other day and he has won a cup recently. Granato is the 9th longest-tenured coach in the NHL and he has accomplished nothing tangible.