Apr. 24 at 11:18 PM
$LKNCY grok
Here's why it trades cheap while Starbucks and Dutch Bros get their dicks sucked on valuation:
The fraud ghost — Luckin straight-up fabricated a third of its sales back in 2019, got delisted from Nasdaq, paid massive fines, restructured. Wall Street has trust issues with Chinese ADRs. One more accounting "oops" and your investment evaporates like a cheap espresso shot. Starbucks? Decades of boring, audited American numbers — investors pay a premium for not getting fucked by Beijing.780a9f
China risk premium — Geopolitics, regulatory crackdowns, property crisis hitting consumer spending — all baked into the price. Dutch Bros is a cute little American drive-thru darling with cult loyalty and growth story; they trade at 60x forward earnings because it's "safe" U.S. growth. Luckin prints money in a country investors are terrified of.