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Frank Brosens Likes The Men’s Warehouse

The Men’s Wearhouse, Inc. (NYSE:MW) was mentioned by the manager of multi-strategy hedge fund Taconic Capital, Frank Brosens. The investor owns 850,000 shares of the apparel retailer. He is bullish on the company because he considers that the stock declined mainly on the back of many short sellers that got more active amid the company’s attempts to acquire Jos. A. Bank Clothiers.

Mr. Brosens is not the only investor bullish on the stock. In fact, only a week ago, Brian Jackelow’s SAB Capital Management reported adding the company to its equity portfolio, holding currently 2.45 million shares equal to 5.1% of the company’s common stock.

The Men’s Warehouse acquired Jos. A. Bank Clothiers. One of the investors that helped the deal to succeed was Ricky Sandler, the manager of Eminence Capital. Being also a shareholder of Jos. A. Bank, Mr. Sandler supported The Men’s Warehouse intent to buy the company and urged the board to reconsider a deal after Jos. A. Bank declined the offer, which later was increased.