I have kept a close eye on FirstGroup (LSE: FGP), Rentokil (LSE: RTO), Royal Mail (LSE: RMG) and Thomas Cook (LSE: TCG) since 29 May, when I first noted that the shares of these four companies were among the cheapest in the UK.
In addition, Thomas Cook is also widely expected to start paying dividends once again from next year, the firm not having satisfied income chasers since fiscal 2012 in the face of consistent earnings pressure.
Ocado Directors at Thomas Cook (LSE: TCG), Ocado (LSE: OCDO) and Serco (LSE: SRP) evidently have no time for the old stock market adage �sell in May and go away�, because they've all been buying - and buying big.
�It is our innate urge to activity that makes the wheel go around.� - John Maynard Keynes. Investors are not willing to give credit to companies whose executives are not brave enough to tweak the corporate structure of the businesses they lead.