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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Techster" data-source="post: 776323" data-attributes="member: 360"><p>Luckin Coffee, despite the accounting scandal, is still China's second largest coffee retailer. That's not going away. Eventually all the money they spent on expanding physical space and building their presence will be paid back. I compare them to JD.com vs Alibaba. JD spend years investing in their retail networks and setting up infrastructure...and investors saw losses for years. Unlike JD.com, Luckin tried to hide those losses, and obfuscated sales with promotions. Where JD is now starting to realize the upside from all the work they put into their earlier investments, Luckin is probably gonna have to go through a lot of pain doing it the right way.</p><p></p><p>I invested in Luckin at $19 and saw it rise up to $50+...then the scandal hit. I didn't put a stop loss on it and paid. I still hold my original investment, but obviously I took a hit.</p></blockquote><p></p>
[QUOTE="Techster, post: 776323, member: 360"] Luckin Coffee, despite the accounting scandal, is still China's second largest coffee retailer. That's not going away. Eventually all the money they spent on expanding physical space and building their presence will be paid back. I compare them to JD.com vs Alibaba. JD spend years investing in their retail networks and setting up infrastructure...and investors saw losses for years. Unlike JD.com, Luckin tried to hide those losses, and obfuscated sales with promotions. Where JD is now starting to realize the upside from all the work they put into their earlier investments, Luckin is probably gonna have to go through a lot of pain doing it the right way. I invested in Luckin at $19 and saw it rise up to $50+...then the scandal hit. I didn't put a stop loss on it and paid. I still hold my original investment, but obviously I took a hit. [/QUOTE]
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