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Q&A: Finding U.S. stocks that may still be bargains

Index investing usually beats active managers, but Larry Sarbit is one of the few who often comes out ahead.

For this week's live discussion at Inside the Market, we were joined by Larry Sarbit, money manager for the IA Clarington Sarbit U.S. Equity fund.

When we last checked in with Mr. Sarbit two years ago - a manager well known for sitting on large cash positions - he was aggressively loading up on U.S. stocks. That strategy was well-timed. Now, he will share his latest outlook on the market and provide his ideas on some of the stocks that may still be going for a bargain even after the Dow's journey into record-high territory.

The manager looks for companies with a competitive advantage that can generate lots of free cash, have a recurring revenue stream and don't require constant infusions of capital. Over time, Mr. Sarbit's funds have beaten or came close to outpacing benchmark U.S. index after fees. (For more details, see our 2011 profile here.)

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About the Author
Investment Editor

Darcy Keith is The Globe and Mail's Investment Editor. He has been a business journalist since 1992 and joined the Report on Business in 2010 from Yahoo! Canada, where he was the senior editor of finance. More

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