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Strategies & Market Trends : Meristar Hotels & Resorts (MMH)
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To: professor who wrote ()9/30/1999 9:32:00 AM
From: professor   of 21
 
PurchasePro.com (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 system should help MMH "reduce purchasing costs and make the procurement process more efficient." "With PurchasePro.com, we will have access to a more extensive range of suppliers, making this a tool for efficient sourcing and bid management"
Meristar is pushing past $1.3 billion in sales so a small expense savings could be extremely meaningful to earnings. For example if they saved .25% on sales that would translate into $3.25 million dollars. Based on 32 million shares outstanding that equals 10 cents/share. This effort made by management to manage expenses better could be more signifcant than people think.
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