While many investors are focused on high-growth future earners like Facebook, the CEO of Third Avenue Management, David Barse, told CNBC Monday there are still some attractive value stocks today.
For that reason Barse recommends the forest products company Weyerhaeuser. Weyerhaeuser has a strong balance sheet and is trading at a discount to intrinsic value. Plus it's a good play on the "long-term turn in the housing sector."
A year ago Weyerhaeuser converted to a real estate investment trust to "distribute capital in an economic way to shareholders," he explained.
"We invest in high-quality companies that are trading at discounts from net asset value, and over the long term we are going to get rewarded on good analysis," Barse concluded.
Follow Strategy Session on Twitter: @CNBCStrategy
Watch CNBC's "The Strategy Session" weekdays at Noon ET.