When undervalued stocks are expensive

How to find undervalued stocks in a bull market. Plus, Bitcoin (yes, Bitcoin) gets legit; big investors licking their chops at BofA $8.5B settlement proposal; some good news for Madoff victims; and welcome back cap gain distributions. Curated by <i>InvestmentNews</i> senior columnist Jeff Benjamin.
NOV 19, 2013
What to do when even undervalued stocks are expensive. Adjusting back to fair value Bitcoin gains validity, finds an ally in the Justice Department. "Legal means of exchange" Bank of America Corp.'s proposed $8.5 billion settlement over shoddy mortgage-back securities issued by Countrywide Financial Inc. is being described as a victory for a big-name investor group. 22 institutional investors, including Allianz, BlackRock, MetLife, and Pimco Madoff fraud victims should be able to start recouping some losses by going after $2.35 billion obtained by federal prosecutors and civil forfeiture actions. Approximately 12,000 direct and indirect investors could be eligible for a recovery On the flipside of the raging bull market, mutual fund investors are finding that that capital gain distributions are back. IN's Jason Kephart delivers the bad news The Obamacare hits just keep coming, with the latest being a revelation that the White House knew about the problems as early as March. Mounting evidence of advanced warnings about the botched rollout

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