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Good value growth shares

Following a strong start to the year, the market seems to be getting jittery once again. It's an oh-so familiar story - fears about the veracity of the recovery in the US, worries about European sovereign debt and concerns over the possibility that China will have a hard landing. However, even rattled investors need not give up entirely on growth stocks at such a time, but a touch of prudence in stock selection may be called for. Growth legend Peter Lynch, who found investment-world fame during his 13-year stint at the helm of the Fidelity Magellan fund, called his safer stocks "stalwarts" and came up with a clear set of criteria based on historic fundamentals to help identify such plays.

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By Algy Hall,
17 April 2012

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