Market Folly links to an interview Mohnish Pabrai gave to The Motely Fool. In that interview, Pabrai mentions 3 places Charlie Munger said you should look for stocks. Munger said to look for stocks that:

1.    Great investors are buying

2.    Are reducing their share count

3.    Are being spun-off

For #1 you can read the Market Folly blog, go to GuruFocus, or subscribe to the Hedge Fund Wisdom Newsletter.

For #2 you can read Value Line, go to GuruFocus, or go to Morningstar.

And for #3 you can go someplace like StockSpinoffs.com.