You might remember Luckin Coffee (OTC: LKNC.Y) for all the wrong reasons. In 2019, its former management fabricated $300 million worth of sales, leading to Chapter 15 bankruptcy and delisting from the Nasdaq exchange.

But the China-based coffeehouse chain has replaced its former executives and worked hard to reinvent itself. Those efforts are starting to bear fruit. The company's story now hinges on rapid international growth, new product launches, and a low stock valuation.

Let's explore why its shares are still a compelling long-term buy. 

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Source Fool.com