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Strategies & Market Trends : Value Investing

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From: E_K_S3/27/2020 9:44:05 AM
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Michael Burry buys the dip in men's suits
Mar. 27, 2020 9:20 AM ET|About: Tailored Brands, Inc. (TLRD)|By: Clark Schultz, SA News Editor

Scion Asset Management boosts its stake in Tailored Brands (NYSE: TLRD) to 8.3% with recent buying action.

Michael Burry's firm has been nipping at TLRD's board since last year for the retailer's capital allocation strategy.

Tailored Brands is up 0.69% in premarket action to $1.44 vs. the 52-week trading range of $1.06 to $8.43. Yesterday, the company announced deep cost-cutting measures with stores shut down across the U.S. and demand potentially lacking as former office employees work at home.
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