Allete: I Continue To Be Bullish On This Quality Business
ALEALLETE(ALE) Seeking Alpha·2024-02-10 12:47

Sjo/E+ via Getty Images Investment Rundown The action with the stock price of ALLETE Inc (NYSE:ALE) hasn't been that great for the past 12 months. I covered the stock before in late August. Since the writing of that article, the stock has appreciated about 6% in total, which has been an underperformance of the broader markets, like the S&P 500, which has grown over 10% during the same period. ALE continues to trade at quite low multiples making it still an appealing buy for the long-term investor. The compa ...