Value stocks are typically those of more established companies that are better able to raise their prices in times of inflation as demand for their products -- think food and energy -- remain high. Also, Fraser made some major moves to refocus its strategy, selling some of its international properties in underperforming markets and investing in other areas, like wealth management. The transformation under Fraser should start to result in greater operational efficiencies and a more streamlined focus on the companyʻs strengths, leading to earnings growth over time.