There are no hard and fast rules for what constitutes a value stock. It’s more about the feelz. Well, it is a little bit more than that. You can feel however you want about a company to say it is an undervalued value stock. But if the fundamentals of a business don’t match up, then you’re not investing. You’re gambling. You may as well throw darts at a dartboard.There is a better way, though. Look for stocks that are discounted relative to the market in terms of price, free cash flow (FCF) and earnings grow ...