ALLETE Names Jeff Scissons Chief Financial Officer
Scissons joined the company in 2013 and was promoted to ALLETE vice president and corporate treasurer in 2024 after serving in key strategic roles throughout his tenure. Over a dozen years at ALLETE, he led various strategic initiatives, including the acquisition of New Energy Equity and the divestiture of U.S. Water. He currently leads the transition committee for the acquisition of ALLETE by Canada Pension Plan Investments Board (CPPIB) and Global Infrastructure Fund (GIP).
'Jeff's financial acumen and his principled, values-based, people-focused leadership have been instrumental in the development and successful execution of ALLETE's Sustainability-in-Action strategy, and I am excited to work closely with him in this new role,' said ALLETE CEO Bethany Owen. 'His strategic approach to challenges and opportunities make him well suited for this role, as ALLETE continues to be a trusted leader in the clean-energy transformation and we advance the acquisition with our partners.'
Scissons joined the company as a financial analyst after 12 years at Northern Asset Management in Duluth doing research and investing in electric and gas utilities. He was named manager – financial planning and analysis in 2015 and assistant treasurer in 2016. In 2022, he accepted the role of ALLETE Clean Energy's chief financial and strategy officer and expanded his role in October 2023 to corporate development and ALLETE Clean Energy's strategy officer before being named ALLETE vice president and corporate treasurer in 2024.
'ALLETE is entering a new period of exciting growth opportunities, as we transition to a privately held company. With strong support from our partners CPP and GIP, we are positioned for even greater success and will continue to execute our Sustainability-in-Action strategy at all our businesses,' Scissons said. 'For more than a century, our businesses have provided critical services in the regions we serve as well as being premier employers. People are always the foundation of any company's achievements, and I am honored to work with ALLETE's talented, collaborative, innovative and hard-working team.'
Scissons graduated from the University of Minnesota Duluth in 2000 with a degree in finance. He also was a captain and academic All-American as a hockey player at UMD.
About ALLETE, Inc.
ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth, Minnesota; BNI Energy in Bismarck, North Dakota; and New Energy Equity, headquartered in Annapolis, Maryland; and has an 8% equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com. ALE-CORP
ALLETE calculates and reports carbon emissions based on the GHG Protocol. Details are in ALLETE's Corporate Sustainability Report.
The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission.
Amy Rutledge
Director, Corporate Communications
218-723-7400
SOURCE: ALLETE, Inc.
Copyright Business Wire 2025.
PUB: 03/11/2025 06:30 AM/DISC: 03/11/2025 06:32 AM
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
11 minutes ago
- Business Wire
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of CTO Realty Growth
NEW YORK--(BUSINESS WIRE)-- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against CTO Realty Growth, Inc. ('CTO' or the 'Company') (NYSE: CTO) and reminds investors of the October 7, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) CTO's dividends were less sustainable than Defendants had led investors to believe; (ii) the Company used deceptive and unsustainable practices to artificially inflate its AFFO and overstate the true profitability of its Ashford Lane property; (iii) accordingly, CTO's business and/or financial prospects were overstated; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times. On June 25, 2025, Wolfpack Research ("Wolfpack") published a report entitled "CTO: The B. Riley of REITs" (the "Wolfpack Report" or the "Report"), which compared CTO unfavorably to B. Riley, a financial services company that recently lost more than 90% of its value amid three years of losses, soured investments, delayed financial reports and revelations that the SEC had been investigating whether the firm gave shareholders an accurate picture of its health. Citing interviews with former employees and whistleblowers, the Wolfpack Report accused CTO of, among other things, "not generat[ing] enough cash to pay its recurring capex and cover its dividends since converting to a REIT in 2021" and instead "rel[ying] on dilution (increasing shares outstanding by 70% since December 2022) to cover a $38 million dividend shortfall from 2021 to 2024," employing a "manipulative definition of [AFFO] where they exclude recurring capex, unlike all of their self-identified shopping center REIT peers," and "us[ing] a sham loan to hide the collapse of a top tenant from shareholders at Ashford Lane." (Emphasis in original). Further, Wolfpack predicted imminent further dilution of the Company, noting that CTO has just $8.4 million in cash while facing quarterly dividends of $14 million and average recurring capital expenditures of $5.7 million per quarter, along with approximately $12 million in additional planned capital expenditures. On this news, CTO's stock price fell $0.98 per share, or 5.42%, to close at $17.10 per share on June 25, 2025. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding CTO's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the CTO Realty Growth class action, go to or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Follow us for updates on LinkedIn, on X, or on Facebook. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
Yahoo
an hour ago
- Yahoo
Ceva, Inc. Announces Second Quarter 2025 Financial Results
Total revenue of $25.7 million, up 6% sequentially 4 licensing deals signed for NeuPro NPUs, marking pivotal moment for Ceva's AI business 2 strategic automotive IP agreements secured with U.S. companies for V2X and 4D radar Ceva-powered device shipments of 488 million units in the quarter, including record cellular IoT and Wi-Fi 6 shipments Surpassed 20 billion Ceva-powered device milestone, underscoring technology leadership and deep industry partnerships for more than two decades Repurchased 300,000 shares of Ceva stock for approximately $6.2 million during the quarter ROCKVILLE, Md., Aug. 11, 2025 /PRNewswire/ -- Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP that enables Smart Edge devices to connect, sense and infer data more reliably and efficiently, today announced its financial results for the second quarter ended June 30, 2025. Total revenue for the second quarter of 2025 was $25.7 million, compared to $28.4 million reported for the second quarter of 2024. Licensing and related revenue for the second quarter of 2025 was $15.0 million, compared to $17.3 million reported for the same quarter a year ago. Royalty revenue for the second quarter of 2025 was $10.7 million, compared to $11.2 million reported for the second quarter of 2024. Amir Panush, Chief Executive Officer of Ceva, commented: "We are pleased by the second quarter results, driven by expanded AI licensing deals and good execution across our 3 pillars use cases – connect, sense and infer – coupled with a sequential growth in royalties. Our AI business continues to scale, with four new NPU agreements signed during the quarter - marking a pivotal moment in customer adoption and underscoring the growing demand for our industry-leading edge AI technologies. These wins, along with reaching 20 billion Ceva-powered devices shipped milestone, reinforce Ceva's position as the leader in wireless connectivity IP and as a trusted partner for the smart edge era. Our business is well-positioned to deliver sequential and year-over-year growth in the second half of this year." During the quarter, 13 IP licensing agreements were concluded, targeting a wide range of end markets and applications, including edge AI NPUs for consumer devices and communications acceleration in cloud infrastructure, vehicle-2-everything (V2X) communications and 4D radar for automotive, Bluetooth for industrial and consumer devices and spatial audio for consumer earbuds and headsets. Five of the deals signed were with first-time customers and four of the deals were with OEM customers. GAAP gross margin for the second quarter of 2025 was 86%, as compared to 90% in the second quarter of 2024. GAAP operating loss for the second quarter of 2025 was $4.5 million, as compared to a GAAP operating loss of $0.04 million for the same period in 2024. GAAP net loss for the second quarter of 2025 was $3.7 million, as compared to a GAAP net loss of $0.3 million reported for the same period in 2024. GAAP diluted loss per share for the second quarter of 2025 was $0.15, as compared to GAAP diluted loss per share of $0.01 for the same period in 2024. Non-GAAP gross margin for the second quarter of 2025 was 87%, as compared to 91% for the same period in 2024. Non-GAAP operating income for the second quarter of 2025 was $0.8 million, as compared to non-GAAP operating income of $4.4 million reported for the second quarter of 2024. Non-GAAP net income and diluted income per share for the second quarter of 2025 were $1.8 million and $0.07, respectively, compared with non-GAAP net income and diluted income per share of $4.2 million and $0.17, respectively, reported for the second quarter of 2024. Yaniv Arieli, Chief Financial Officer of Ceva, added: "Demand for our AI NPUs underpinned our licensing business in the quarter, with total licensing revenue exceeding $15 million for the fifth consecutive quarter. In royalties, consumer IoT shipments continued to grow, supported by record highs in cellular IoT and Wi-Fi 6. We remain focused on disciplined expense management and delivering improved profitability. In addition, we were active in our share repurchase program during the quarter, buying back 300,000 shares for approximately $6.2 million." Ceva Conference CallOn August 11, 2025, Ceva management will conduct a conference call at 8:30 a.m. Eastern Time to discuss the operating performance for the quarter. The conference call will be available via the following dial in numbers: U.S. Participants : Dial 1-844-435-0316 (Access Code : Ceva) International Participants: Dial +1-412-317-6365 (Access Code: Ceva) The conference call will also be available live via webcast at the following link: Please go to the web site at least fifteen minutes prior to the call to register. For those who cannot access the live broadcast, a replay will be available by dialing +1-877-344-7529 or +1-412-317-0088 (access code: 1439858) from one hour after the end of the call until 9:00 a.m. (Eastern Time) on August 18, 2025. The replay will also be available at Ceva's web site at Forward Looking Statements This press release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that if they materialize or prove incorrect, could cause the results of Ceva to differ materially from those expressed or implied by such forward-looking statements and assumptions. Forward-looking statements include statements the continued scaling of our AI business, Ceva's positioning as a leader in wireless connectivity IP and a trusted partner for the smart edge era, and expectations regarding sequential growth for the second half of the year. The risks, uncertainties and assumptions that could cause differing Ceva results include: the effect of intense industry competition; the ability of Ceva's technologies and products incorporating Ceva's technologies to achieve market acceptance; Ceva's ability to meet changing needs of end-users and evolving market demands; the cyclical nature of and general economic conditions in the semiconductor industry; Ceva's ability to diversify its royalty streams and license revenues; Ceva's ability to continue to generate significant revenues from the handset baseband market and to penetrate new markets; instability and disruptions related to the ongoing Israel-Gaza conflict; and general market conditions and other risks relating to Ceva's business, including, but not limited to, those that are described from time to time in our SEC filings. Ceva assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates. Non-GAAP Financial MeasuresNon-GAAP gross margin for the second quarters of 2025 and 2024 excluded: (a) equity-based compensation expenses of $0.2 million and (b) amortization of acquired intangibles of $0.1 million. Non-GAAP operating income for the second quarter of 2025 excluded: (a) equity-based compensation expenses of $4.9 million, (b) the impact of the amortization of acquired intangibles of $0.2 million and (c) $0.1 million of costs associated with asset acquisition. Non-GAAP operating income for the second quarter of 2024 excluded: (a) equity-based compensation expenses of $3.9 million, (b) the impact of the amortization of acquired intangibles of $0.3 million and (c) $0.3 million of costs associated with asset acquisition. Non-GAAP net income and diluted income per share for the second quarter of 2025 excluded: (a) equity-based compensation expenses of $4.9 million, (b) the impact of the amortization of acquired intangibles of $0.2 million, (c) $0.1 million of costs associated with asset acquisition and (d) $0.2 million loss associated with the remeasurement of marketable equity securities. Non-GAAP net income and diluted income per share for the second quarter of 2024 excluded: (a) equity-based compensation expenses of $3.9 million, (b) the impact of the amortization of acquired intangibles of $0.3 million, (c) $0.3 million of costs associated with asset acquisition and (d) $0.1 million loss associated with the remeasurement of marketable equity securities. About Ceva, Ceva, we are passionate about bringing new levels of innovation to the smart edge. Our wireless communications, sensing and Edge AI technologies are at the heart of some of today's most advanced smart edge products. From wireless connectivity IPs (Bluetooth, Wi-Fi, UWB and 5G platform IP), to scalable Edge AI NPU IPs and sensor fusion solutions, we have the broadest portfolio of IP to connect, sense and infer data more reliably and efficiently. We deliver differentiated solutions that combine outstanding performance at ultra-low power within a very small silicon footprint. Our goal is simple – to deliver the silicon and software IP to enable a smarter, safer, and more interconnected world. This philosophy is in practice today, with Ceva powering more than 20 billion of the world's most innovative smart edge products from AI-infused smartwatches, IoT devices and wearables to autonomous vehicles and 5G mobile networks. Our headquarters are in Rockville, Maryland with a global customer base supported by operations worldwide. Our employees are among the leading experts in their areas of specialty, consistently solving the most complex design challenges, enabling our customers to bring innovative smart edge products to market. Ceva is committed to being a responsible and respected global corporate citizen and a more sustainable company in the countries where we have operations and employees. We adhere to our Code of Business Conduct and Ethics and emphasize and focus on environmental controls, resource conservation and recycling and the welfare of our employees. Ceva: Powering the Smart Edge™ Visit us at and follow us on LinkedIn, X, YouTube, Facebook, and Instagram. Ceva, Inc. AND ITS SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED STATEMENTS OF LOSS – U.S. GAAP U.S. dollars in thousands, except per share data Three months ended Six months endedJune 30, June 30,2025 2024 2025 2024Unaudited Unaudited Unaudited Unaudited Revenues: Licensing and related revenues $ 15,022 $ 17,278 $ 30,064 $ 28,692 Royalties 10,656 11,159 19,859 21,817Total revenues 25,678 28,437 49,923 50,509Cost of revenues 3,549 2,933 7,036 5,436Gross profit 22,129 25,504 42,887 45,073Operating expenses: Research and development, net 18,758 18,758 36,367 36,749 Sales and marketing 3,322 3,095 6,771 5,911 General and administrative 4,381 3,537 8,314 7,109 Amortization of intangible assets 150 149 299 299 Total operating expenses 26,611 25,539 51,751 50,068Operating loss (4,482) (35) (8,864) (4,995) Financial income, net 2,121 1,406 4,221 2,663 Revaluation of marketable equity securities (208) (58) (262) (118)Income (loss) before taxes on income (2,569) 1,313 (4,905) (2,450) Income tax expense 1,135 1,604 2,126 3,289 Net loss $ (3,704) $ (291) $ (7,031) $ (5,739)Basic and diluted net loss per share $ (0.15) $ (0.01) $ (0.30) $ (0.24)Weighted-average shares used to compute net loss per share (in thousands): Basic and diluted 23,898 23,628 23,832 23,568 Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures U.S. Dollars in thousands, except per share amountsThree months ended Six months endedJune 30, June 30,2025 2024 2025 2024Unaudited Unaudited Unaudited Unaudited GAAP net loss $ (3,704) $ (291) $ (7,031) $ (5,739) Equity-based compensation expense included in cost of revenues 166 191 325 394 Equity-based compensation expense included in research and development expenses 2,673 2,438 5,139 4,445 Equity-based compensation expense included in sales and marketing expenses 598 451 1,164 816 Equity-based compensation expense included in general and administrative expenses 1,465 820 2,597 1,816 Amortization of intangible assets related to acquisition of businesses 209 278 417 556 Costs associated with asset acquisition 144 252 288 532 Loss associated with the remeasurement of marketable equity securities 208 58 262 118 Non-GAAP net income $ 1,759 $ 4,197 $ 3,161 $ 2,938 GAAP weighted-average number of Common Stock used in computation of diluted net loss and loss per share (in thousands) 23,898 23,628 23,832 23,568 Weighted-average number of shares related to outstanding stock-based awards (in thousands) 1,763 1,482 1,690 1,421 Weighted-average number of Common Stock used in computation of diluted earnings per share, excluding the above (in thousands) 25,661 25,110 25,522 24,989 GAAP diluted loss per share $ (0.15) $ (0.01) $ (0.30) $ (0.24) Equity-based compensation expense $ 0.19 $ 0.16 $ 0.38 $ 0.32 Amortization of intangible assets related to acquisition of businesses $ 0.01 $ 0.01 $ 0.02 $ 0.02 Costs associated with asset acquisition $ 0.01 $ 0.01 $ 0.01 $ 0.02 Loss associated with the remeasurement of marketable equity securities $ 0.01 $ 0.00 $ 0.01 $ 0.00 Non-GAAP diluted earnings per share $ 0.07 $ 0.17 $ 0.12 $ 0.12 Three months ended Six months endedJune 30, June 30,2025 2024 2025 2024Unaudited Unaudited Unaudited Unaudited GAAP Operating loss $ (4,482) $ (35) $ (8,864) $ (4,995) Equity-based compensation expense included in cost of revenues 166 191 325 394 Equity-based compensation expense included in research and development expenses 2,673 2,438 5,139 4,445 Equity-based compensation expense included in sales and marketing expenses 598 451 1,164 816 Equity-based compensation expense included in general and administrative expenses 1,465 820 2,597 1,816 Amortization of intangible assets related to acquisition of businesses 209 278 417 556 Costs associated with asset acquisition 144 252 288 532 Total non-GAAP Operating Income $ 773 $ 4,395 $ 1,066 $ 3,564 Three months ended Six months endedJune 30, June 30,2025 2024 2025 2024Unaudited Unaudited Unaudited UnauditedGAAP Gross Profit $ 22,129 $ 25,504 $ 42,887 $ 45,073 GAAP Gross Margin 86 % 90 % 86 % 89 %Equity-based compensation expense included in cost of revenues 166 191 325 394 Amortization of intangible assets related to acquisition of businesses 59 129 118 257 Total Non-GAAP Gross profit 22,354 25,824 43,330 45,724 Non-GAAP Gross Margin 87 % 91 % 87 % 91 % Ceva, Inc. AND ITS SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (U.S. Dollars in thousands)June 30, December 31, 2025 2024 (*) Unaudited Unaudited ASSETSCurrent assets:Cash and cash equivalents$ 29,082 $ 18,498 Marketable securities and short-term bank deposits128,422 145,146 Trade receivables, net11,832 15,969 Unbilled receivables24,851 21,240 Prepaid expenses and other current assets14,621 15,488 Total current assets208,808 216,341 Long-term assets:Severance pay fund7,864 7,161 Deferred tax assets, net1,630 1,456 Property and equipment, net6,484 6,877 Operating lease right-of-use assets4,645 5,811 Investment in marketable equity securities50 312 Goodwill58,308 58,308 Intangible assets, net1,460 1,877 Other long-term assets13,593 10,805 Total assets$ 302,842 $ 308,948 LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Trade payables$ 1,771 $ 1,125 Deferred revenues3,212 3,599 Accrued expenses and other payables17,749 23,207 Operating lease liabilities1,610 2,598 Total current liabilities24,342 30,529 Long-term liabilities: Accrued severance pay8,155 7,365 Operating lease liabilities2,755 2,963 Other accrued liabilities1,698 1,535 Total liabilities36,950 42,392 Stockholders' equity:Common stock24 24 Additional paid in-capital267,743 259,891 Treasury stock(5,874) (3,222) Accumulated other comprehensive income (loss)344 (1,330) Retained earnings3,655 11,193 Total stockholders' equity265,892 266,556 Total liabilities and stockholders' equity$ 302,842 $ 308,948(*) Derived from audited financial statements. View original content to download multimedia: SOURCE Ceva, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
5 Stocks Ben Graham Might Buy, If He Were Alive Today
August 11, 2025 -- (Maple Hill Syndicate) I wish I had known Benjamin Graham in person. Graham was a hedge-fund manager, Columbia University professor, mentor to Warren Buffett (Trades, Portfolio), author and bon vivant. He's widely considered the father of the value (bargain-hunting) school of investing. Alas, I didn't know Graham, who was born in 1894 and died in 1976. But he lives on in his books, and in the investment philosophies of dozens of money managers (including me). Once a year in this column, I attempt to guess what stocks Graham would pick if he were alive today. The average return on my Graham recommendations, over 22 years, has been 15.1%. That beats the 12.4% average return for the Standard & Poor's 500 Total Return Index over the same years. Bear in mind that my column results are hypothetical and shouldn't be confused with results I obtain for clients. Also, past performance doesn't predict the future. Graham's Method Graham's stock-selection methods are set out in his books and other writings. For this column, I use a simplified version of his criteria. To qualify as a potential Graham stock, a company must have: Debt no more than 50% of corporate net worth. A stock price that is 12 times earnings or less. A stock price that is less than a company' book value (corporate net worth per share). Today very few stocks meet these stringent criteria. I'd like to draw your attention to five of them. Mosaic The Mosaic Co. (NYSE:MOS), based in Tampa, Florida, makes fertilizer, especially potash fertilizer. Its sales fell 5% in the past year, but have averaged 7% growth over the past decade. The stock is cheap, selling for 11 times earnings and 82% of book value. One reason it's cheap is that a lot of potash is imported from Canada, and Canada is slated to face a 25% tariff under the Trump administration's trade plan. Bank OZK From Little Rock, Arkansas, comes Bank OZK (NASDAQ:OZK), a regional bank with big ambitions. A year ago, I included it among my Graham-inspired choices, and it rose 24.8%. The rise surprised many people, since Bank OZK does a lot of commercial real-estate lending, including construction loans. Ever since Covid-19 drove many people out of office buildings five years ago, commercial real estate has been poison. The loan portfolio's make-up scares me a bit, but I have a lot of faith in the bank's chief executive officer, George Gleason. Meritage Just under book value is Meritage Homes Corp. (NYSE:MTH), a mid-sized homebuilding company with headquarters in Scottsdale, Arizona. It builds homes in ten states, most of them in the sun belt. I like that service territory as the South and West is gaining population. Debt is only 36% of equity at Meritage. That should help the company navigate its way through the current downturn in home sales, which is caused mainly by high mortgage rates. Seadrill Sometimes investors love energy stocks, and sometimes they hate them. Seadrill Ltd. (NYSE:SDRL), which does offshore drilling, is untimely. No one wants to drill under the ocean when oil fetches $60 a barrel. So, Seadrill has lost money in eight of the past ten years. Its stock, down 25% this year, sells for less than it did a decade ago. But if oil hits $80 or $90 a barrel, it would be a different story. I expect that to happen in the next three years, and I like this stock at its current valuation of less than six times recent earnings. Nacco Selling for only 67% of book value is Nacco Industries Inc. (NYSE:NC). Based in Cleveland, Ohio, it's a coal mining company that is barely covered by Wall Street analysts. Nacco has shown a profit in 13 of the past 15 years, and had a good year last year. The stock sells for eight times recent earnings. Last Year The past year has been an unpleasant one for the value approach. So, it's not surprising that my Graham-inspired picks from a year ago trailed the overall market. They rose 6.6% while the Standard & Poor's 500 Total Return Index jumped 21.1%. Two stocks -- Unum Group (NYSE:UNM) and Bank OZK (NASDAQ:OZK) did well, returning 33% and 25% respectively. But G-III Apparel Group Ltd. (NASDAQ:GIII) and HF Sinclair Corp. (NYSE:DINO) had small losses, and Peabody Energy Corp. (NYSE:BTU) shed 22% of its value. In 22 years, my Graham stocks have beaten the index 14 times, and shown a profit 15 times. Disclosure: I own Meritage Homes personally and for most of my clients. John Dorfman is chairman of Dorfman Value Investments LLC in Boston, Massachusetts, and a syndicated columnist. His firm or clients may own or trade securities discussed in this column. He can be reached at jdorfman@ This article first appeared on GuruFocus. Sign in to access your portfolio
