Luckin Coffee shares plummet 75% after financial misconduct investigation launched

Luckin Coffee shares plummet 75% after financial misconduct investigation launched

Quo Vadis called the expectations for Luckin’s performance “unrealistic.” Analysts there rate Luckin stock sell. “The company has indicated that it ultimately expects to achieve unit level margins of 30% and to break-even at the corporate level by 3Q20,” wrote Quo Vadis in a note. “A $9 billion market capitalization for this unproven concept with an uncertain path to profitability is unjustified in our opinion.”

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