By Brian M. Reiser Luckin Coffee (OTC: LKNCY) has had a year of turmoil. Although much of the stock market recovered from a rough winter, Luckin Coffee stock has yet to recover from its devastating spring. But that’s because its woes are alleged financial fraud, not COVID-19 or the broader economy.
As a result, the Starbucks Corp (Nasdaq: SBUX) competitor from China has lost much of its value. The stock dropped about 90% from its highs in January. But is there a chance that Luckin Coffee could recover?
In this article, we will look at the latest developments in the Luckin Coffee scandal and see if …read more
