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Alight, Inc. (ALIT)

NYSE - NYSE Delayed price. Currency in USD
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7.51+0.35 (+4.89%)
At close: 04:00PM EDT
7.51 0.00 (0.00%)
After hours: 04:09PM EDT

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  • r
    Alit should buy for $10.00 the Co UPHEALTH ( UPH ) IT would fit perfectly with their present business!!!
  • C
    ALIT had a good quarter and a better forecast for revenue/profit growth for the full year. Happy to see ALIT initiated a $100m stock buyback plan and hope they start buying at these low stock values. GLTA!
  • G
    Such an incredible mismatch between company fundamentals and the stock price. IMO this should be trading significantly higher. Only two analysts following it is part of the problem. Not sure what the catalyst could be to get it moving toward a more fair value. In the meantime I'll nibble away and sleep well with this type of name in a questionable economy and knowing Blackstone is in it too.
  • r
    The Co BARCHART has it rated STRONG BUY be 2 Analyst up from 1 two months ago Target Price$$$$$ 12.00!!!
  • E
    By Benzinga
    — 8:38 AM ET 08/02/22
    JP Morgan analyst Tien-Tsin Huang initiates coverage on Alight (NYSE:ALIT) with a Overweight rating and announces Price Target of $10.
  • r
    Profit this quarter!!??Price going much higher !!Am hoping for$15.00
  • r
    Income before Tax Benefits 43 Million compared to last year's lost!!We are ready to move Higher!!
  • B
    Bryan I
    I’m really amazed how this is under the radar. Good to see JP Morgan taking notice.
  • r
    Barchart , has it rated STRONG BUY,
  • G
    "I think both $WPF & $BFT get to $45/$50 and then settle in before moving higher from there" Steve Grasso
  • D
    I’m pretty confident this deal will go through.
    Blackstone just helped do the Paysafe deal with Foley, so this one should be a go. I have yet to get one of these SPACs before their merger announcements. So 🤞🏽
  • Y
    I own $WPF and $BFT. Bill Foley, the founder of both is highly respected for his business acumen deal making and is as solid as they come.
  • D
    Foley was interviewed live on CNBC today re SPAC's in general and he briefly alluded to WPC/Alight. In case you missed it here were his brief comments outlined:

    1. He is concerned that there are too many SPAC's entering the market, many of which are not viable or worthy of investment that are watering down investors appetite for those that are great.
    2. He prefers SPAC's over IPO going forward because the last IPO he did took 8 months, made it difficult to time entry into the marketplace, and was very costly. SPAC's are more efficient and allow for better timing.
    3. He only brings to market via SPAC companies that are established and have real profits and growth potential going forward. Nothing speculative.
    4. Regarding Alight, after the merger, there are no anticipated changes, Blackstone will still be involved, and the public capital will be used to expand the company.

    (Please keep in mind that SEC rules prevent Foley from making any specific forward looking promises and projections during this Blackout period before a company goes public.)
  • P
    WPF will be 20% of ALIT, meaning WPF shareholders are entitled to 20% FCF. ALIT is projected $1.8B in revenue and valued at ~$7B. I argue that the current valuation of 3.8X revenue is cheap for a growing company, and that a better multiple is 5X-10X. IMO, WPF shares are currently undervalued by 1/4 to 1/2. I expect 25% to 50% return once the merger is done.
  • f
    Foley-backed SPAC nears $7.3 billion deal with Blackstone's Alight -sources

    Jan 24 (Reuters) - A blank-check acquisition firm backed by veteran investor Bill Foley is nearing an agreement to take Alight Solutions LLC, the U.S. benefits services provider owned by buyout firm Blackstone Group Inc, public at a valuation of $7.3 billion including debt, people familiar with the matter said on Sunday.
  • r
    If this stock isn't $20 in one year I will quit investing. It's as close to a guarantee as the sun coming up tomorrow.