{"id":122137,"date":"2021-04-21T23:58:47","date_gmt":"2021-04-21T23:58:47","guid":{"rendered":"https:\/\/precoinnews.com\/?p=122137"},"modified":"2021-04-21T23:58:47","modified_gmt":"2021-04-21T23:58:47","slug":"cramer-says-bidding-war-for-kansas-city-southern-shows-bargains-remain-in-stock-market","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/cramer-says-bidding-war-for-kansas-city-southern-shows-bargains-remain-in-stock-market\/","title":{"rendered":"Cramer says bidding war for Kansas City Southern shows bargains remain in stock market"},"content":{"rendered":"<ul>\n<li>CNBC&#x27;s Jim Cramer said two competing bids to acquire Kansas City Southern is a &quot;very encouraging sign&quot; for the stock market. <\/li>\n<li>The &quot;Mad Money&quot; host said the offers show investors can still find value despite concerns of market &quot;craziness.&quot;<\/li>\n<\/ul>\n<p>In this article<\/p>\n<ul>\n<li><span>KSU<\/span><\/li>\n<\/ul>\n<p>The bidding battle for railroad operator\u00a0Kansas City Southern\u00a0demonstrates that investors can still find undervalued stocks in the market, CNBC&#x27;s Jim Cramer said Wednesday.<\/p>\n<p>The &quot;Mad Money&quot; host said he understands those who are concerned about a generally frothy environment, pointing to the exploding interest in the cryptocurrency dogecoin, NFTs and SPACs in recent months.<\/p>\n<p>&quot;But every time I start to worry about the craziness, we get a reminder that maybe stocks are a lot less expensive than you think, at least in terms of what other companies are willing to pay for the whole enterprise even if you won&#x27;t,&quot; Cramer said.<\/p>\n<p>Just take a look at the competing bids for Kansas City Southern, he said.<\/p>\n<p>On Tuesday, Canadian National Railway announced its offer to acquire Kansas City Southern in a deal that valued the company at $325 per share.<\/p>\n<p>That&#x27;s higher than a proposed transaction unveiled late last month from rival Canadian Pacific, which said then it had a stock-and-cash deal to combine with Kansas City Southern that valued the Missouri-based firm at $275 per share.<\/p>\n<p>While Canadian Pacific has criticized Canadian Nation&#x27;s &quot;unsolicited offer,&quot; Cramer said the situation offers lessons for equity investors as they analyze the market.<\/p>\n<p>Kansas City Southern, with its exposure to Mexico and the country&#x27;s auto industry, has a really important business that appears to have been overlooked, Cramer said.<\/p>\n<p>&quot;The market clearly had this one completely wrong \u2014 otherwise you wouldn&#x27;t have gotten not one, but two huge takeover bids,&quot; Cramer said. &quot;That tells you Kansas City Southern was massively undervalued before the first offer from Canadian Pacific. And yeah, I think the other railroad operators have a better handle on what KSU is worth than Wall Street does.&quot;<\/p>\n<p>It&#x27;s important to not extrapolate too much, Cramer cautioned. &quot;That doesn&#x27;t mean every company is a bargain. Some of them are too big to be acquired, some of them are truly too expensive,&quot; he said, while adding antitrust concerns will stand in the way of other deals.<\/p>\n<p>At the same time, he contended, &quot;there are plenty of companies like Kansas City Southern out there.&quot;<\/p>\n<p>&quot;This deal, you&#x27;ve got to think about it the next time you hear someone whining about how stocks are too pricey,&quot; Cramer said. &quot;Sometimes companies in the same industry are willing to pay a lot more for a stock than the market is. I regard that as a very encouraging sign, so don&#x27;t be discouraged when so many people insist on buying things that you think may have no value at all.&quot;<\/p>\n<p>Disclaimer<\/p>\n<p>Questions for Cramer?<br \/> Call Cramer: 1-800-743-CNBC<\/p>\n<p>Want to take a deep dive into Cramer&#x27;s world? Hit him up!<br \/> Mad Money Twitter &#8211; Jim Cramer Twitter &#8211; Facebook &#8211; Instagram<\/p>\n<p>Questions, comments, suggestions for the &quot;Mad Money&quot; website? madcap@cnbc.com<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/04\/21\/cramer-bids-for-kansas-city-southern-show-bargains-remain-in-market.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNBC&#x27;s Jim Cramer said two competing bids<\/p>\n","protected":false},"author":3,"featured_media":122136,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cramer says bidding war for Kansas City Southern shows bargains remain in stock market - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/cramer-says-bidding-war-for-kansas-city-southern-shows-bargains-remain-in-stock-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cramer says bidding war for Kansas City Southern shows bargains remain in stock market - 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