market folly

Ricky Sandler's hedge fund firm Eminence Capital has filed an amended 13D regarding their position in Men's Wearhouse (MW).  Per the filing, Eminence now owns 8.3% of the company with over 4 million shares.

This is up from the 3.19 million shares they owned at the end of the second quarter.  The new filing was made due to activity on September 9th.  They purchased the bulk of their recent shares at $52.43 and $51.10.

If you missed it, Ricky Sandler also recently appeared on Wall Street Week and talked about many of their other positions.

Per Google Finance, Men's Wearhouse is "a specialty retailer of men's suits and a provider of tuxedo rental product in the United States and Canada. It operates in two segments: retail, which offers its products and services through its four retail merchandising brands and Internet Websites. The Company's corporate apparel segment provides corporate clothing uniforms and work wear to workforces."