DKSBULLISHFLIPPEDMOTLEY FOOL MONEY · BEARISH IN AUGUST → BULLISH IN AUGUST

Dick's Sporting Goods as a buying opportunity

The bullish case argued for Dick's Sporting Goods: the stock's severe drop presents a counterintuitive buying opportunity, as the core Dick's business is healthy and management is seen as capable of fixing the struggling Foot Locker acquisition over time.

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MOTLEY FOOL MONEY CHANGED ITS VIEW

BEARISH FOR 3 DAYS, THEN THE TURN

THEN25 AUG · BEARISHThe bear case argued: Dick's Sporting Goods' acquisition of Foot Locker is the primary culprit behind its earnings miss and guidance cut, as Foot Locker faces a promotional, competitive market and a lack of high-profile sneaker launches.NOW28 AUG · BULLISHThe bullish case argued for Dick's Sporting Goods: the stock's severe drop presents a counterintuitive buying opportunity, as the core Dick's business is healthy and management is seen as capable of fixing the struggling Foot Locker acquisition over time.

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