California investor cashes in with $30 million in paper profits on news of Amazon’s bid for Whole Foods

Longtime San Francisco mutual fund manager Jerry Dodson made a paper profit of $31.4 million on June 16 on shares of Austin-based Whole Foods Markets Inc., after Amazon.com Inc. said it would buy the organic grocery chain for $13.7 billion.
Dodson, who founded Parnassus Investments 33 years ago, started accumulating shares of Whole Foods (Nasdaq: WFM) in late 2014 at an average price of $32 when he noticed same-store sales, a critical retail benchmark, were rising. He holds more than 2.9 million…

#URLinkedUp Austin Business News – Local Austin News | Austin Business Journal http://www.bizjournals.com/austin/news/2017/06/19/california-investor-cashes-in-with-30-million-in.html?ana=RSS%26s=article_search

#Austin Check out URLinkedUp > http://www.urlinkedup.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s