When stocks get beaten down, Ted Kellner's ears perk up. And he might be a good listener: His Fiduciary Management Large Cap Fund is up an average of 15.02 percent a year over the last five years.
The strategist offered CNBC his favorite bottom-dwelling stocks.
He's particularly enthusiastic about Sprint, where the sum of its parts is impressive, but the stock has been in a hole.
- Video: Watch the entire analyst interview (2:16)
Kellner is looking for some developments within the company to make its stock take off over the next couple of years.
"They've got to get the operations right-sized," he told CNBC. "I think [CEO] Dan Hesse and the team are starting to do that. They've had problems with subscribers; they're addressing that. I think either a transaction or them just getting the company right, which they're working on very hard, and we think they're doing the right things."
Another company Kellner sees doing the right things is Cintas, a provider of highly-specialized business services.
"We think we're going to be in a tough economy, but they're the dominant player in this industry," he said. "We just think it's a great long-term value at a ten-year low in terms of valuation."