u/CultureForsaken3762 · 12d agono track record yet
“Long Dicks”
Going Big on Dicks (DKS)
DKS's 30% selloff is an overreaction to Foot Locker's poor quarter. Using pre-acquisition legacy DKS valuation, the market is pricing in $5.2B of value destruction far exceeding the $2.5B acquisition cost, implying roughly 46% upside if Foot Locker is worthless and legacy DKS fundamentals unchanged.