The Coronavirus Is a Counterintuitive Gift for Luckin Coffee [Yahoo! Finance News]
Luckin Coffee Inc. (LK)
Last luckin coffee inc. earnings: 11/13 06:00 am
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Source: Yahoo! Finance News
Last year, I visited China and I was struck at how much major cities like Shanghai have rapidly modernized. But nowadays, the world's second-biggest economy has been forwarding its own innovations. One is a relatively underappreciated company called Luckin Coffee (NASDAQ:LK). A homegrown rival to global juggernaut Starbucks (NASDAQ:SBUX), LK stock has soared since its initial public offering in May 2019.Source: Keitma / Shutterstock.com As you might imagine, I'm long-term bullish on the organization. But what might surprise some readers is that I'm not bothered by the nearer-term challenges. Of course, I'm referring to the coronavirus from China. While we've seen some sharp volatility in LK stock from last month's highs, I regard any ensuing corrections as buying opportunities. LK Stock Offers a Contrarian DiscountBrowse the blogosphere long enough and you'll come across doom-and-gloom prognostications. Even some mainstream sources are hinting at a dire outcome. But as I've said befor
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