Jim Cramer Says "DICK's is Still Good"

DICK’S Sporting Goods, Inc. (NYSE:DKS) is one of the stocks Jim Cramer shared insights on. When a caller inquired about the stock, Cramer stated:

“Oh, okay. Look, here’s… [why] I didn’t try hard enough. When DICK’s bought Foot Locker, I should have just said, buy, buy, buy. Instead, it’s all the way back. It’s kind of like the two that I’ve been most regretting that I didn’t pound the table, Dell enough, and I didn’t pound the table DICK’s enough. DICK’s is still good. They obviously knew what they were doing when they bought Foot Locker. Great relationship by the way now with Nike.”

DICK’S (NYSE:DKS) provides a broad selection of athletic gear, apparel, and footwear for various sports and outdoor activities. During a May episode, Cramer mentioned that he likes the company a lot, as he commented:

“Oh, I like DICK’S very much and you know a lot of people, that’s both Ed Stack but don’t forget Lauren Hobart. Lauren Hobart as CEO is fantastic, a lot of people think that they stubbed their toe when they bought Foot Locker. I’m going to say the opposite. I’m going to say that they may have stubbed their toe, but this stock is so much down. It was at 254, now it’s at 181. It more than reflects [that] they can write off Foot Locker right now, and frankly, yeah, of course, they don’t need to, it would still work out. Buy DICK’S Sporting Goods.”

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Disclosure: None. This article is originally published at Insider Monkey.