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Strategies & Market Trends : Meristar Hotels & Resorts (MMH)

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To: Chartgod who wrote (19)1/31/2000 10:45:00 AM
From: professor  Read Replies (1) of 21
 
I've following Meristar for awhile. MMH announced earnings today and they were a penny better than expected. Earnings were up 85% for 1999. Pretty impressive. Analysts are looking for 32 cents this year which implies a 33% earnings growth. I think the analysts are being conservative and assume a few new management contracts in 2000. The company is very careful about meeting expectations and managing the analysts.
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