First may I say I am loving your contributions, and am only picking at them because you have me engaged. This is another example of letting an investing nostrum dictate your thinking without really analysing it. There is a lot of that about AAM at the moment. A value share is one that is worth buying because of the intrinsic strengths of the company. Yes it may well be a high yielder, but that is not the essence of a value share. A growth share is worth buying because of the superior growth prospects of the business. In each case if you are going to pick the stock you must believe that the market has mispriced either the quality or the prospects of the company. I can see why you dont care how the return is obtained, but if you expect the company to deliver a large rate of return you must have some expectation as to how the company will do that. That comes down mostly to either growth or quality.