Luckin Coffee Inc (LKNCY)

[food4thought]

Pure OTC manipulation. CN geopolitical pull down.

Recent Earnings were spectacular. Growth accelerating. Global expansion sooner than expected. Margins down slightly given competitive market price adjustments. Profitable with cash coffers growing. Soon this will be an internationally recognized brand. They are collaborating in all the right ways.

Once they pr a relist, the train will leave the station. Once the ticker hits the big board, it will be IPO ish event as it relates to volume, volatility, and institutional large share block grabs. The price will surge 20-30% minimum. A 25B market cap is reasonable in 2024 given their recent earnings and continued growth. They are the fastest growing retail storefront in the world and have quite easily taken down the world’s number one retail coffee brand in their homeland. It’s only a matter of time until the SP catches up with the fundamentals. My take is $100 plus sometime in 2024.