Largo
Amazing Opportunity To Go Long Chinese $LK (Chinese Starbucks)
Actualizado
I will keep this brief > Just wanted to give some bullets. I believe the Plunge has resulted in a major overreaction and the current 4-6 levels provide a great opp for longs. The risks of further downside have been mitigated by recent corporate action to right the ship.
THE BAD NEWS IS BEHIND AND STOCK HAS PLUMMETED 85%+ IN RECENT DAYS
1. The 300 mil accounting flub doesn't equate to the 6 Billion that was wiped off it's valuation
2. It's very Bullish that a independent 3rd party will now verify all numbers going forward
3. The scandal hasn’t dampened Chinese customers’ love for the company and they continue to choose it 4-1 over starbucks
4. China's Coffee Craze is just starting , on average 1 cup per person per year vs in comparison U.S. is at 400 cups per year and countries in Europe like Norway and Sweden are above 1,000 cups per year
China's coffee market therefore offers boundless potential. The coffee market is growing by 30% annually as the younger -mid demographic is choosing Coffee over Tea
5.Has over 4500 stores a larger footprint the Star bucks which has around 4000
qz.com/1833297/fans-rally-to-aid-chinas-luckin-coffee-after-fraud-scandal/
THE BAD NEWS IS BEHIND AND STOCK HAS PLUMMETED 85%+ IN RECENT DAYS
1. The 300 mil accounting flub doesn't equate to the 6 Billion that was wiped off it's valuation
2. It's very Bullish that a independent 3rd party will now verify all numbers going forward
3. The scandal hasn’t dampened Chinese customers’ love for the company and they continue to choose it 4-1 over starbucks
4. China's Coffee Craze is just starting , on average 1 cup per person per year vs in comparison U.S. is at 400 cups per year and countries in Europe like Norway and Sweden are above 1,000 cups per year
China's coffee market therefore offers boundless potential. The coffee market is growing by 30% annually as the younger -mid demographic is choosing Coffee over Tea
5.Has over 4500 stores a larger footprint the Star bucks which has around 4000
qz.com/1833297/fans-rally-to-aid-chinas-luckin-coffee-after-fraud-scandal/
Nota
Take a longer term view, the Forced Liquidation for LLK is only temporary . Going forward investors can rely on independently verified numbers.The growth prospects for #luckincoffee are very compelling
Huge influx of mobile downloads true fundamental measure
See pic twitter.com/TheNvsibleHand/status/1247240445836525568?s=20
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