Alight Inc (ALIT)

[realfast95]

From Foley's company CNNE earnings report. A major holder of $ALIT

https://seekingalpha.com/article/4467699-cannae-holdings-inc-cnne-ceo-rick-massey-on-q3-2021-earnings-call-transcript

"...It's been sort of some dark days here lately, but they're coming out, we believe, they're coming out of the ditch. And it's going to be a great stock to own. We're also pleased with Alight and Ceridian. They posted great results this quarter.

Alight reported earlier today 20% revenue growth in their BPaaS revenue, which is their enterprise software platform. They had a 42% increase in BPaaS bookings in the third quarter, so incredible growth in the growth engine of Alight.

They actually reported that, at the end of the third quarter they had achieved already 99% of the revenue that they had originally projected to achieve for the full year. So we obviously -- we're really happy with this company.

They've done a few deals to expand their product offerings. Those are listed in the quarterly report and in their own press release, but that was Venafi, ConsumerMedical and the Aon Retiree Health Exchange.

We think Stephan and his team Katie, Cathinka are best-in-class. And we share his vision Stephan's vision with unlocking the power of Alight's, BPaaS platform. And it's funny, because we were just talking Alight started this year or started out as a public company they talked about organic revenue growth of 1%, for 2021.

Then, sometime in the second quarter they said, "Well, we're going to get maybe 3% revenue growth 3%, 4%, maybe up to 5%. Then today they guided to 5% to 6% in 2021 and that obviously bodes very well.

I don't think they guided for 2022, but you can expect our revenue to continue to accelerate this company. And my own personal opinion is going to be a high single-digit grower in the very near future.

That's going to get you a re-rate, much higher multiple of EBITDA. And we think you're going to be a very happy owner there. ...."



In the Q&A section
"But I still love Alight you can see the results you go look at what they reported this morning. They are just knocking the thing out of the park. We love the management team. It's a big idea. I do think they're going to get a re-rate. I do think they're going to hit high single-digit revenue growth eventually. And I think eventually some big company is going to come buy them. So, hopefully we'll get a double or a triple and then if that happens."