I don't want to give up on Dick's here, I'm a believer, says Jim Cramer

Jim Cramer reviews the major selloff in Dick's Sporting Goods after a terrible quarter and guidance cut. He argues the stock is still worth believing in long term because it is the last scaled sporting goods retailer and expectations have reset. He expects more analyst cuts near term but sees a potential bottom by Monday and would consider buying over the next couple of months. - Dick's Sporting Goods posts a terrible quarter and its worst one-day decline ever. - Cramer calls Dick's the last remaining scaled sporting goods retailer in the country. - He says near-term quarters may stay tough but expectations have been reset and should be beatable. - Industry-wide inventory glut is expected to clear by next year. - He dislikes the Foot Locker deal and notes Foot Locker is struggling. - Cramer expects analyst ratings cuts tomorrow and a possible bottom by Monday. - He suggests non-owners may want to buy over the next couple of months and hold until the story improves.