iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,617 Blog Posts

IPO ALERT: Feelin’ Lucky on Luckin’ Coffee

China is going to learn one way or another. Either we’ll get them with our banks and trade — or our insidious culture. We’ll teach the Chinese to hate each other, themselves, turn gay, listen to degenerate music, watch immoral programming, and promote promiscuity — all for the sake of roping them in. If they do not rope in, we’ll rope them out.

ENTER LUCKIN’ COFFEE

This is the Starbucks of China — with over 1,700 locations in China, jut behind Starbucks’ 3,000. Thanks to the trade war, I suspect China will find a way to fuck all American companies doing business there, boosting the prospects of local yocals.

America will teach the Chinese to enjoy coffee and to throw away their disgusting green tea. Right after that, we’ll teach them how to cut their dicks off and to transition the men into women and the women into furries.

If you enjoy the content at iBankCoin, please follow us on Twitter

8 comments

  1. ferd

    Yet SBUX, at a rich 34 time earnings, rose to an all-time record high today.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • numbersgame

      …for a company that shows profit, but virtually zero growth for the last 3 years.

      “Everybody drinks coffee, so it’s recssion proof and the stock price doesn’t matter”

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • Dr. Fly

      No one said it was rich.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  2. tradingnymph

    Fly, The Global Times editorial that they just put up was the biggest screw you USA I have ever read over there. It’s a letter written by He Tingbo, president of HiSilicon, a semiconductor company owned by Huawei. China is slowing their economy and making the USA their focal point of hate…no need for that copper, coffee or anything else for them. China is getting a cold and ROW is getting the flu.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • numbersgame

      FYI: here is that editorial:
      http://www.globaltimes.cn/content/1150424.shtml

      Here is the GT’s editorail’s original reposne to the new US tariffs:
      http://www.globaltimes.cn/content/1149097.shtml
      What’s noteworthy is what is misisng: there are no denials that *China started this ruckus by reneging on the written framework* as the US has accused them of.

      Basically ,China sensed weakness, they reneged, and then Trump said, “FU.”

      Has the Chinese governemetn foramlly denied the US accusations?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • tradingnymph

        Numbersgame…China never has really wanted a deal. They need to slow their economy…Trump is giving them the perfect way to do it. Win/Win for them.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • tradingnymph

          Numbersgame…China never has really wanted a deal. They need to slow their economy…Trump is giving them the perfect way to do it. Win/Win for them. And China has given numerous responses to the talks..the second link you posted is just one of them. Yes, the first link is the one I mentioned above…USD/CNH pushed up on it. USA is so outmatched in all of this.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  3. numbersgame

    In terms of LK, it’s another tricky one.

    You’d be hard-pressed to find a faster growoing company. Their margins are rapidly improving, but for such a large company, is it reasonable that for each $1 of revenue they bring in, they spend $2? It may be another case of good deal for the consumer, bad for the investor. Then again, most investors seldom read beyond “the Starbux of China”, so does valuation even matter at this stage? Ride the train before the bridge collapse?

    Then of course, if CHian really wanted to screw us, it would be relatively simple: owners of LK sahres are NOT owners of the Luckin Coffee. Instead, because of restrictive Chinese laws, you just own a part of a “Varaible Interest Entitity.”

    • 0
    • 0
    • 0 Deem this to be "Fake News"