LKNCY - Luckin Coffee: Management Prioritizing Expansion Over Profit Growth - Still A Hold
2024-02-04 07:30:00 ET
Summary
- Luckin Coffee's stock has been trading near 52-week lows despite gaining after my previous article was published.
- The company's recent revenue figures show improvements, but profitability margins are lower than its peers.
- The management's rapid expansion and the fact that the stock is traded on the OTC pose risks for investors.
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Luckin Coffee: Management Prioritizing Expansion Over Profit Growth - Still A Hold