Investors in Luckin Stock Need to Wake up and Smell the Coffee

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While Luckin Coffee has ousted the executive team that was in charge when the fraudulent accounting took place, big question marks remain concerning the Chinese company’s financial health and ability to remain a going concern. Much of the investor interest that has sent Luckin stock higher in recent months can be attributed to short-term investors who are buying shares in hopes that the company will be taken private.

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