I have found it is easy to scan value stocks, because their book value, cash don't change too fast. However, revenue and profit changes are updated with delay. Thus, I can only find growth stocks 2-3 quaters later than their first growing period, when the price is already moved up a lot.
Value stocks are crap most the time Dont sit on your thumbs waiting for the so called' value' to be realized by the market instead buy some of these great growth stocks and etf's that are surging now: http://elitetrader.com/vb/showthread.php?s=&postid=1653324#post1653324