This week, Chinese coffee chain Luckin Coffee (OTC: LKNCY) got a positive research note from John Zolidis, president of Quo Vadis Capital, a long-term bear on the stock. I’m neutral on LKNCY. “It’s true that Luckin Coffee (LKNCY) is in Chapter 15 bankruptcy, is in China, and was a fraud,” Zolidis said. “However, the balance sheet is in very good shape, and we expect an exit from Chapter 15 in the first half of 2022. The fraud is over (we believe), and we now believe the numbers are as trustworthy as they can be.
https://www.tipranks.com/news/article/luckin-coffee-gets-bullish-call-from-bear-analyst?utm_source=advfn.com&utm_medium=referral
Luckin Coffee (PK) (USOTC:LKNCY)
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