Anyone looking at Luckin Coffee (LKNCY)?

What do you guys think of LKNCY at these levels? The growth and numbers seem pretty solid, and they’ve managed to build a massive presence in China while starting to expand massively abroad. I know the accounting scandal is a big red flag, and competition in China is always tough, but I’m wondering if a lot of that is already priced in. Anyone here following the stock? Am I missing something, or does it actually look interesting?

6 comments held Reddit says 0 on reddit ↗

u/KingofPro 1 1 day ago

If they cooked the numbers once, they will probably be willing to do it again.
u/[deleted] 1 1 day ago

[removed] — already gone when the archive first saw it
u/smucox5 1 1 day ago

That’s true.. SMCI always has some issues. I lost quite a bit on both of them
u/Majestic-Track6724 1 1 day ago

many china consumer stocks are trading at sub 10 or 10-ish valuations. you'd be hard pressed to argue luckin is somehow gonna outperform other names relatively speaking
u/Neat_Suggestion9355 1 1 day ago

Just avoid chinese companies they are just not worth it. Too political and never know what can happen
u/StephenAtLarge 1 1 day ago

QSR is very, very tough. I tend to respect the market here. What is your variant perception?