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RyGuy

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RyGuy

Re: None

Thursday, 02/13/2020 10:17:18 AM

Thursday, February 13, 2020 10:17:18 AM

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This is what Michael Burry sent to the board and management of Tailored Brands.

https://www.otcmarkets.com/filing/html?id=13622252&guid=G5mCUpJ1tsHCtth

"Share buybacks are simply a more efficient manner in which to reward long-term shareholders when the share price is heavily discounted. If management has confidence in Tailored as a going concern over the long-term, this is a simple decision.

We recommend the Board of Directors prioritize a substantial buyback along with continued aggressive debt reduction. The dividend should be eliminated or vastly reduced in order to facilitate these more urgent and timely allocations of capital."

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