What's your prediction? When is Fry's Electronics going to declare bankruptcy?
3 replies (most recent on top)
None of my Business Nor do I care, I have a a job!
Actually companies. They have several real estate holding companies and also they have the TAW.
"...In 1996, for reasons that the Fry brothers have never publicly disclosed, they transferred all their shares of Fry's Electronics to a limited liability company called RDL, LLC, and a limited partnership called The Taw, L.P. (the latter also controls the former), and since then, they have controlled Fry's Electronics indirectly through those entities.
Their existence became publicly known in January 2012 because Randy Fry's ex-wife, Laurie Hammer had attempted to challenge a post-nuptial settlement agreement under which she agreed to accept "units" of The Taw in settlement of her claims against Randy. On January 23, 2012, the California Court of Appeal for the Sixth District upheld the trial court's dismissal of her lawsuit in an unpublished opinion...."
Probably not until they're done laundering the last of their cash through their real estate holdings company. After that they can go bankrupt and be sure there's no $$ left they would owe to debtors.