Re: Genral queries
That is exactly what it means. If investors or fund managers, etc refer to a bargain the mean that the current share price offers a steep discount to what they think its share is worth.
I have heard that quite a few times but be careful when you hear that as it always depends on the source and how the bargain is defined. Different people will call a bargain at diferent prices.
Overall, I would recommend that you just ignore that. Mostly its a worhtless call based on valuation models.