Regular readers of Livewire will have been following our feature on ‘value investing’. What we’ve learned is that while labels may be dispensable, having robust and repeatable processes are essential disciplines for successful investing. Of the five fund managers we’ve approached in this series, each has had a defined set of criteria for identifying opportunities and an equally, if not more rigorous process to sort the wheat from the chaff. So we’ve read the theory, now it’s time to see the process in action. In the final part of this series, we asked each contributor to present an example of a high quality value stock that they think looks compelling in today’s market. Responses come from Clime Asset Management, Montgomery, Hunter Hall, NAOS and Peters MacGregror.