Alight, Inc. Is Preparing To Ignite A New Spark After Spin-Out Deal
Alight(ALIT) Seeking Alpha·2024-04-20 19:09
AzmanL Cloud-based human resource technology firm, Alight, Inc. (NYSE:ALIT) announced the sale of its “professional services and payroll outsourcing business” segment for $1.2 billion to “an affiliate of private equity company, HIG Capital.” The stock has risen just 5.33% (YTD) and 32.11% in the last 6 months indicating a minor positive impact of the divestment on the growth in the stock's price. In this article, I will explain why Alight is a buy due to the sale of its less profitable professional outs ...