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Technology Stocks : Purchasepro.com Inc. (PPRO)
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To: Sir Auric Goldfinger who wrote (131)9/30/1999 9:11:00 AM
From: professor  Read Replies (1) of 748
 
PPRO announces a deal with Meristar Hotels & Resorts (MMH - $3.00) to deploy its business-to-business corporate purchase solution throughout its network of hotels. This is positive for PPRO and MMH. MMH is a very big hotel operator with over $1.2 billion in sales. MMH's earnings will grow nearly 100% this year. The stock is trading incredibly cheap at less than 10 times earnings on next year's estimates and undiscovered. MMH is rapidly growing particularly with its joint venture agreement to build over $400 mil of properties with billionaire Robert Bass. There is a good research piece about MMH. Here's the link.
thewebinvestor.com
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