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Strategies & Market Trends : Wanted: Long-Term "Strong Buy" Recommendations

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To: Ken Pomaranski who wrote (7)10/27/1996 10:40:00 AM
From: wang   of 54
 
I have one question about PPD and never got fully answered. I have asked my friends and also on this site for the people who actually used pre-paid lagal services (not necessary from PPD). It seems to me none of those who bought the stock actually using/used service.

Not like HMO, most people do not need constant legal services. The stock got hammered not soly because of correction. The membership and associate recruiting trends is in a steady decline. Assoicate recruiting rate has droped from more than 100% to negative, membership recruiting from 150% to 60% as of last month.

The big question is membership retention rate. Just read their plan yourself and ask whether you will join it and how long you will be in it. So far, the people around me have given me negative responses.

By the way, how do you get your 1997e and 1998e numbers.

wang
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