$LK is sinking like crazy! I can't help but think that this is an insane bargain. Granted that it's always possible that you could lose 100% of your investment, but hear me out. They have 4,500 stores. Their current market cap is $375M. Now imagine they sell every store. That's 375M divided by 4,500 which comes up to $83,333 per store. Can you imagine paying that for a coffee shop store? It costs $380,000 on average to build a new $SBUX store. That rational alone puts Luckins valuation significantly higher than what it is now. I hope Im right! πŸ€‘
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