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Cramer says bidding war for Kansas City Southern shows bargains remain in stock market – CNBC

CNBC’s Jim Cramer considers the competing bids for Kansas City Southern to be a “very encouraging sign” for the stock market amid concerns of frothiness.

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The bidding battle for railroad operator¬†Kansas City Southern¬†demonstrates that investors can still find undervalued stocks in the market, CNBC’s Jim Cramer said Wednesday.
The “Mad Money” 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.
“But every time I start to worry about the craziness, we get a reminder that maybe stocks are a lot less expensive than you…

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