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Is Luckin Coffee Stock a Buy?

TheMotleyFool

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The outlook for Luckin Coffee (OTC: LKNC.Y) seems to be improving after the company announced a restructuring plan for it's financial obligations with some of its creditors that could help it climb out of bankruptcy. Let's dig deeper to find out what this deal could mean for equity investors.

In February, Luckin Coffee filed for Chapter 15 bankruptcy protection, a section of the U.S bankruptcy code that deals with foreign companies. This move allows Luckin to shield its assets through negotiations with creditors while management works to keep the operational momentum going on.

Source Fool.com

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