3 ASX stocks you should have bought a year ago

In the past 12 months, the S&P/ASX 200 has jumped 20%.

As impressive as that gain is, it’s got nothing on the gains of these popular stocks.

Magellan Financial Group Ltd (ASX: MFG)

Shares in this fund manager have jumped an astonishing 345% over the past year. Funds under management have soared as a number of the portfolios Magellan manages outperform their benchmarks.

For the year ended 30th June 2013 the company estimates is performance fee revenue for to be $28.9m, up 217% from the prior year.

Sirius Resources (ASX: SIR)

Shares in this former mining penny share stock have jumped 210% in the past 12 months as the company discovered what appears to be a very large nickel and copper orebody.

As with any exploration stock, there’s a long way, and a LOT of money to be spent before the company will ever turn a profit.

Investors are always on the hunt for the next Fortescue Metals Group (ASX: FMG). Sirius looks to have a shot at riches, but sporting a market capitalisation of $630 million, a fair chunk of value is already priced into the still risky stock.

REA Group Limited (ASX:REA)

The company behind continues to go from strength to strength, its shares soaring 138% over the past 12 months.

The company’s underlying growth is impressive, recently reporting 25% growth in profits. Yet in a sign the lofty stock price could finally pause for breath, the shares were marked down 4.4% yesterday.

With a P/E approaching 40 times earnings, a lot of future growth is already priced into the stock.

Better value for your money? The 3 stocks above have been stellar performers over the past 12 months. But their best days may be in the past. Today, you need to look in a cheaper place to find value. Consider The Motley Fool’s favourite income idea for 2013-2014. It’s featured in our brand-new, free research report, including a full investment analysis. Simply click here for your free copy of “The Motley Fool’s Top Dividend Stock for 2013-2014.”

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