Meristar Hotels & Resorts (MMH) Message Board

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

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To: Boyd Hinds who wrote (3)	11/18/1998 11:59:00 AM
From: Boyd Hinds	Read Replies (1) of 21

To any interested, the latest 10Q was just released for the 1998 Q3. Book value, as of Sept 30, 1998: Using current outstanding shares: 2.22/share Using fully diluted shares: 1.87/share. I've bought some at 2.25, and will continue to dollar cost average down (if it goes much further). This is a steal at less than book. With the stock currently trading at 2.25/share, it looks to be quite a bargain. I think that after the dust settles from the spin-off, and global deflationary fears settle down, this stock should be much higher. My target at this time is $4.50/share.

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