$LK adore that the discussions here moved beyond memes. 1. Have you read the respond of LK to muddy waters? No numbers included, just a denial. 2. The download of their app in China - significantly down. Look at sensor tower web service. That’s why $LK as a long thesis has been dropped by hedgeye. 3. Like in case of Tesla - there’s lot of fantasy priced in. It’s hard to drop ones dreams. But basically - they are selling coffee out of a booth, like small vendors around the block. With a lot of hype. 4. Since there’s a quarantine for 2 months in China - there’s should be a big drop in revenue. Unless they are not fake. Is the p/s of 20 justified?
  • 3
  • 7