Fry's is interesting to me because I grew up with their stores. First grocery, then electronics. First Fry's Electronics I ever went to was Sunnyvale... the first Sunnyvale store, not the third where it is now. That was kinda during the beginning of the PC heyday...'86ish. You could get anything you needed to build a PC there, and as I recall... not really anywhere else. I do recall they were unable to strike a deal with HP, or IBM, to become an authorized reseller. The HP LaserJet had just come out and it was the shit. Fry's figured out a way to buy them on the black market and sell them at below retail.
Then they exploded all over the place. Around 2003ish, John bought the Flying Lady property, which is on the East side of 101, after a deck collapsed, injured several people and went bankrupt. Many of the aircraft from the Lady Museum ended up at the Hiller Museum in San Mateo. John embarked on a massive project to convert the property, which is completely separate from the Cordevalle property on the West side of 101, into a world class golf course, and Math institute complete with a castle... with NO permits. A battle ensued with the City of Morgan Hill. I don't know any details of the deal, but he was eventually able secure permits... retroactively. Also, during construction he bought another property at the corner of 101 and Cochrane. John set up a "Specimen Garden" on this property and began moving hundreds of trees from the Lady property to the Specimen property. The city saw what was going on and John said this would be a temporary site and that the specimens would be moved back to the Lady property once the Golf course and castle were complete. The city later said that they'd given John a temporary 2 year rezoning permit for the specimen property. That was more than 15 years ago.
John does what he wants... when he wants... how he wants... and gets away with it. So, I don't worry about Fry's. He has plenty of assets.
Then they exploded all over the place. Around 2003ish, John bought the Flying Lady property, which is on the East side of 101, after a deck collapsed, injured several people and went bankrupt. Many of the aircraft from the Lady Museum ended up at the Hiller Museum in San Mateo. John embarked on a massive project to convert the property, which is completely separate from the Cordevalle property on the West side of 101, into a world class golf course, and Math institute complete with a castle... with NO permits. A battle ensued with the City of Morgan Hill. I don't know any details of the deal, but he was eventually able secure permits... retroactively. Also, during construction he bought another property at the corner of 101 and Cochrane. John set up a "Specimen Garden" on this property and began moving hundreds of trees from the Lady property to the Specimen property. The city saw what was going on and John said this would be a temporary site and that the specimens would be moved back to the Lady property once the Golf course and castle were complete. The city later said that they'd given John a temporary 2 year rezoning permit for the specimen property. That was more than 15 years ago.
John does what he wants... when he wants... how he wants... and gets away with it. So, I don't worry about Fry's. He has plenty of assets.