Cover-More Group Ltd, M2 Group Ltd, Mesoblast limited and Spotless Group Holdings Ltd: Is it too late to buy?

As companies rush to finalise their year-end results and report to the market before the end of this week, investors are busy wading through a mountain of financial statements, outlook statements and news reports.

Four stocks which have reported this week and seen their share prices rally are:

  • Cover-More Group Ltd (ASX: CVO) which gained 7.1% to $2.12
  • M2 Group Ltd (ASX: MTU) which gained 8.3% to $7.40
  • Mesoblast limited (ASX: MSB) which gained 5.8% to $4.52
  • Spotless Group Holdings Ltd (ASX: SPO) which gained 3.1% to $1.96

In the cases of M2 Group and Spotless the share price action has taken their stocks to new 52-week highs. Meanwhile Mesoblast’s shareholders will be relieved to see the stock moving up and away from its 52-week low. Overall the market appears to have liked what it has seen in these four companies.

There are at least two takeaways for investors from these results.

Firstly, both Cover-More and Spotless have been recent floats. IPO investors are sitting on tidy gains of 26% and 13.7% respectively. Despite all the reasons to be sceptical when a float occurs, the above average gains from these two are a reminder that IPOs are certainly worth looking at, as some turn out very well.

Secondly, despite the usual scaremongering from some about the state of stock markets, there are still plenty of companies growing their earnings at impressive rates.

There are always opportunities if you know where to look

Before you consider buying the four above don't miss the opportunity to learn about our favourite company in this free report - it could turn out to be the 'story stock' of 2014! Get The Motley Fool's #1 pick now in our newly updated investment report. It's yours FREE. Simply click here for your copy of "The Motley Fool's Top Stock for 2014."

Motley Fool contributor Tim McArthur does not own shares in any of the companies mentioned in this article.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.