Amazon’s proposed buy-out of Whole Foods has been publicized as a game-changer to the consumer space.  For me, it is continued validation that the stock selection criteria for the Pawleys Growth Fund is solid, as it represents the 9th buy-out from the holdings since 2011.  Typically, the fund holds 20-25 positions, reflecting my best high-conviction ideas, so the number of premium buy-outs is stunning, while humbling.  Below is a summary of the premiums generated for investors in the Pawleys Growth Fund:

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