Are y’all actually buying this DKS dip, or is it going straight to the shadow realm?

Not gonna lie, watching DKS drop 30%+ in a single session after that earnings wreck was painful to watch (earlier this week). Management slashed guidance hard, and the Foot Locker integration is currently looking like a heavy anchor dragging down the whole boat.

On one hand, the core Dick's brand is still putting up okay numbers (+4.9% comps) and the stock is suddenly trading at a much cheaper valuation with a decent dividend yield. Feels like a massive overreaction panic-selling event.

On the other hand, between the lowered full-year guidance and law firms already sniffing around with class-action noise, I’m wondering if this is a classic "falling knife" situation where things get worse before they get better.

Are you guys stepping in here to buy, or staying away completely?