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Over the last 70 years, value stocks clocked a 13.4% average annual return, vs. 10.2% for growth stocks, according to Ibbotson Associates.

Oak Value fund favors Tiffany, Coach, eBay

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The bloodshed in the retail sector has translated to some seeds of opportunities for Larry Coats, co-manager of Oak Value Fund.  While typically avoiding the retail industry because of the group's highly competitive and capital-intensive nature, Coats, who's been in the profession since 1986, spotted opportunities in three stocks -- Tiffany & Co.  (TIF) .

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