A great deal of inefficiency exists at the small end of the market. And where there is inefficiency, there is opportunity. The trick is in knowing how to identify the genuine opportunities, while avoiding the risks. If you are able to do that, there is a great deal of alpha on the table for shrewd investors. So after we asked four small cap managers on their outlook for small caps, and how to avoid the blow-ups, we then asked each of them for a stock they think can perform well in the current market, and why they like it.