Value and Growth are connected at the hip.

There is no value without growth and no growth without value.

Warren Buffett

The job of the investor, unfortunately, is much harder, he or she has to find a stock that has it's economics and growth intact at a price that is reasonable.

Background:
There is an ongoing discussion about those who look for stocks with high growth and those who look for stocks that are deeply discounted. A growth stock without sound economics will eventually burn out and as luck would have it just after you buy it. Similarly, a deeply discounted stock is usually discounted for a reason.