Corre: Governors Lane Bought Luckin Coffee in Single to Low-Double Digits
Isaac Corre · Isaac Corre – Event-Driven Investing at Governors Lane (EP.344) · Oct 16, 2023 · at 44:31
Isaac Corre, founder of event-driven fund Governors Lane, discusses investing in Chinese coffee retailer Luckin Coffee following its accounting scandal and bankruptcy restructuring.
0:00 / 0:16exact quote · 16.8s
720p mp4 · rendered on demand · StarZero watermark
“We bought a decent size position when the stock was trading low double digits, high single digits, and we did a lot of the work I was describing, a lot with the alternative data, some surveys, we spoke to franchisees in China about it, and we've sold a decent amount of the way up.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Isaac Corre
Corre: UK CMA was doing US bidding on Activision deal before reversing
“I think in hindsight, we recognize now that there was more dialogue between the U.S. And the U.K. Than we had appreciated, and they were probably doing the U.S.'s bidding in a certain way, which is Surprising, but then they really reversed course when the U.S.…”
Corre: M&A Deal Flow Will Rebound as Regulators Back Off Extreme Positions
“I'm actually pretty optimistic now that the administration seems to be pivoting away from some of these more extreme positions. They basically folded on Activision. They folded on Horizon. I'm pretty optimistic that once the corporates get the message that it'…”
Corre: Hedge funds hiring Rhodes Scholars signals a broken U.S. economy
“There's something wrong with the U.S. Economy if Rhodes Scholars are coming to work at a hedge fund”
Corre: Biden Administration Has Mostly Failed in Merger Antitrust Challenges
“Generally speaking, the administration has not been successful in those challenges.”