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Luckin Coffee (NASDAQ: LK) , the Chinese coffee store chain that went public in May, has repeatedly claimed that it will eclipse Starbucks' (NASDAQ: SBUX) store count in China. Luckin's growth rate indicates that could happen soon: Its number of stores surged 210% annually to 3,680 l...
Investment Thesis Despite the fast expansion and improved financial performance, we are still skeptical about Luckin Coffee (NASDAQ: LK ) in terms of long-term profitability. They still need to prove the sustainability of growth when sales and marketing expenses are down to the normal level...
Despite growing concerns about a slowing economy and increased competition in China, Starbucks (NASDAQ: SBUX) is committed to continued expansion in a market that used to be dominated by tea. Starbucks, among other big name brands, is helping to drive China's growing interest in coffee. Sta...
Over its several decades of existence, Starbucks (NASDAQ: SBUX) has turned the concept of the corner coffee shop on its head, spearheading and dominating a new coffeehouse industry. It's done this with the clear objective of using all available innovations to push boundaries outward, and it'...
Most workers understand the importance of having their usual morning cup of coffee before heading off to the office. The caffeine helps to boost their alertness and gets them through tedious workloads and meetings. Starbucks (NASDAQ: SBUX) is the ubiquitous coffee joint that has a presence o...
Ouch! Tuesday was a day full of pain for investors in top stocks , with the markets sliding downward into the dirt. Very few stocks were spared. On such a day, it's hard to find any success stories. Thankfully, there were a few amid the rubble. Here's the skinny on two of these hardy survivors...
Shares of Luckin Coffee (NASDAQ: LK) were heating up last month after the Chinese coffee chain posted a strong third-quarter earnings report in its second update as a publicly traded company, and its lockup period expired without significant selling. According to data from S&P...
This article is part of a series that provides an ongoing analysis of the changes made to Stephen Mandel’s 13F portfolio on a quarterly basis. It is based on Mandel’s regulatory 13F Form filed on 11/14/2019. Please visit our Tracking Stephen Mandel’s Lone Pine Capital P...
Background 3Q results sent Luckin’s shares up some 35%. We see many cautioning on entering the stock at these levels, but we think otherwise. 3Q was not simply a quarter of gangbuster growth as headlines suggest, and this has significant implications for its valuations. A look ...
By ALT Perspective The economic calendar was light on events last week for China ( CQQQ )( FXI ). In spite of the vitriolic "China-bashing" we often hear from the media and the comments in my Chinese Internet Weekly articles, the populous country continues to see healthy investor inter...
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How Did One Gold Stock Pull Off A Near $3 Billion Fraud Scheme? With gold prices reaching levels not seen since 2011, it’s no wonder why investors are turning toward the shiny metal. The market value of gold has now jumped above $1,800. Even in spite of price pulling back in July, gol...
BEIJING, July 01, 2020 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (the “Company”) (OTC: LKNCY) announced that its Special Committee of the Board of Directors (the “Special Committee”), with the assistance of its advisors, Kirkland & Ellis International LLP and FT...
The stock market had a tough day to end the week, with investors growing increasingly nervous about the rising number of new COVID-19 cases. The Nasdaq Composite (NASDAQINDEX: ^IXIC) has resisted coronavirus-inspired sell-offs before, but it didn't succeed today, losing around 2.5%. The Nas...