Franklin Templeton (BEN) Could Be 6% Undervalued Following Credit Acceptance Settlement

Franklin Templeton (BEN) has come back into focus after Credit Acceptance Corporation resolved a multistate investigation into its subprime auto lending practices, agreeing to over $630 million in consumer debt relief and a $60 million relief fund. Franklin Templeton’s link to the Credit Acceptance settlement lands at a moment when its share price has eased about 3.8% over the past month and 2.7% over 90 days, even though the year to date share price return is up 38.7% and the 1 year total...