Companies with weak balance sheets have outperformed those with strong balance sheets by 49 percentage points over the last two years, gaining 89% versus 40%, according to a recent Goldman Sachs report, and there appears to be more room for outperformance as the combination of a bull run and cheap credit will likely continue the trend. Weak balance sheets are strongest thematic basket: Goldman Sachs “Our weak balance sheet portfolio deserves attention given the 7% YTD absolute return – tops among our thematic baskets – and 600 bp of steady outperformance versus a basket of strong balance sheet stocks,” write…