Chinese coffee chain Luckin Coffee (LKNCY), a company with negative margins, shouldn’t be trading at a higher multiple than Starbucks (SBUX), according to Quo Vadis president John Zolidis. I am bearish on this stock. (See Luckin Coffee stock charts on TipRanks) Disconnect between Market Valuation and Fundamentals Zolidis, who sounded the alarm early about the ailing chain’s woes, made this comment following LKNCY's filing of a 10k for 2020 and settling of various lawsuits. At the same time, the company did not provide any quarterly P&Ls. “The bottom-line is that LKNCY is currently valued by the market at $5B, which is roughly 5x our 2022 revenue estimate,” Zolidis said.
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Luckin Coffee (PK) (USOTC:LKNCY)
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Luckin Coffee (PK) (USOTC:LKNCY)
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