Adding more than two sparse matrices in one step in Mathematica 9 is very slow (in fact I couldn't even wait for it to finish).
Here's an example. Let's generate a large sparse matrix:
am = AdjacencyMatrix@RandomGraph[{25000, 50000}];
am + am; // Timing (* very fast *)
(am + am) + am; // Timing (* very fast *)
am + am + am; // Timing (* so slow I didn't wait for it to finish *)
Can anyone reproduce this? I used Mathematica 9.0.0 on OS X. Mathematica 8 does not have this problem.
Does anyone have any ideas what may be going wrong here?

RandomGraph[{25000, 50000}]returns and error. – Mike Honeychurch Jan 20 at 3:320.004000then0.008001then70.476405– Nasser Jan 20 at 3:39am! – Mike Honeychurch Jan 20 at 3:44