Buffalo Wild Wings (BWLD) released an investor presentation Tuesday that fired back at institutional investor Marcato Capital and its push to have the company enlist more franchisees. Marcato owns a 6.1% stake in Buffalo Wild Wings. 

The presentation specifically called out Marcato managing partner Mick McGuire, saying that "McGuire's 'plan' to create value for Borders was unsuccessful, and Borders was eventually liquidated in a bankruptcy process."

Marcato released a deck in April that called for shareholders to vote for a new board.

Retail's downturn giving you the blues? Jim Cramer has a list of retailers that are currently oversold, giving investors a leg up one of the market's most volatile sectors.