Investment Overview
Luckin Coffee (LK), which owns a retail network to provide coffee and other products to consumers in China, surged by 25.4% on November 15, 2019. The reason - Luckin Coffee reported third quarter numbers and the top-line growth was stellar at 558%.
Not just the top-line growth, the 3Q19 results reflect several other positives related to the business and financials. These positives point to a sustained rally for Luckin Coffee, which is a potential long-term value creator.
While the stock can cool-off after the vertical upside, I believe that Luckin Coffee