Is Alignment Healthcare (ALHC) Still About Right After Its 57% Slide?

Alignment Healthcare (ALHC) has experienced a significant 57% slide in its share price this year, prompting investors to scrutinize its market valuation against its earnings potential. Despite legislative changes potentially impacting Medicare Advantage margins, the company's P/E ratio of 44.4x, though higher than sector and peer averages, is considered "about right" by a fair-multiple model, suggesting the market has already factored in these risks. The article explores whether the current stoc