Is This the Only Cheap Tech Stock?

You don't see this every day... [Shield] AN OXFORD CLUB PUBLICATION [Wealthy Retirement]( [View in browser]( SPONSORED [BREAKING: Major Stock Price Upgrade to $280!]( [Putin on Stage]( Source: [Wikimedia Commons]( Thanks to a HUGE blunder by Vladimir Putin... Wall Street analysts say one unique energy stock is on track to soar from $30 to $280. [Check out the unusual situation right here.]( [THE VALUE METER]( [The Rare Undervalued Tech Stock]( [Jody Chudley, Contributing Analyst, The Oxford Club]( [Jody Chudley]( The best stocks to own for the long term aren't average companies that were bought at really low valuations. No, the biggest stock market winners are tremendous growth companies that were purchased at reasonable values. There is no disputing the fact that earnings growth is what drives stock performance over the long term. Average companies don't have a lot of growth. But great companies grow at a high rate for years and years. Over a long period of time, your entry price on a stock is dwarfed in importance by the earnings growth the company can generate. As an investor, I've not done well with technology stocks. It isn't that I lose money owning them; it's that I often think they are too expensive to buy. Getting locked on valuation metrics has caused me to miss far too many great long-term growth stocks. This week, I've got a technology stock for you that has a ton of earnings growth ahead of it and could be the rare tech stock that's undervalued right now. So let's run it through The Value Meter. The company is Alight (NYSE: ALIT). Alight provides software solutions for payroll, health and benefits processing for large enterprises. Over the past couple of years, Alight has made a significant investment in its business by upgrading to a cloud-based platform. That investment is now set to pay off handsomely. When I started researching the company, the first number that really got my attention was its 98% customer retention rate. Alight signs three-to-five-year contracts with its customers (with protection from inflation built into the agreements) and gets paid on a per-employee basis. Every new customer gets added to an ever-growing revenue stream, and a 98% retention rate means the company's revenue is extremely sustainable. It is very hard for a company to grow its revenue if it is constantly losing customers. And Alight basically never loses customers. Alight's growth engine is also ramping up. In the company's "Investor Day" presentation in September, it reported that its revenue had grown from $2.9 billion in 2021 to $3.3 billion over the trailing 12 months, a 14% increase in less than two years. [Chart: Steady Revenue Growth for Alight]( [View larger image]( More importantly, cash flow from operations nearly tripled from $115 million to $330 million over the same span. [Chart: Cash Flow From Operations Has Nearly Tripled]( [View larger image]( With Alight having fully completed its move to a cloud-based platform, I expect the company's rates of revenue growth and cash flow growth will continue to increase. But that's only half the battle... What about its valuation? [Get My Value Meter Rating Here]( [The Oxford Club's Wealth, Wine and Wander Tour of Spain - Barcelona, Granada, Seville and Madrid, June 6-16, 2024 (plus special extension through June 21)]( SPONSORED [The #1 Energy Passive Income Investment for 2024]( It's not a stock, bond or private company... But this little-known alternative investment could hand you BIG MONTHLY INCOME from the oil and gas surge in 2024. 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