after the close, the canadian pacific railway ceo, hunter harrison, abruptly quit his job and let it be known that he's in advanced talks with a hedge fund manager who used to work with bill ackman, the bic activist investor who once had a major stake in canadian pacific to possibly take a run at acquiring csx. now, in earnings csx is worth pretty much the same as all the other rails, which means a little bit lower from here because it didn't do as well as union pacific. but as a takeover target, whole different story. the rails have what i call scarcity value. there are only four publicly traded rails of any meaningful size in the u.s. the takeover premium, the amount that you'd need to pay in order to buy all of csx is worth a great deal more than a stock that's being valled on okay earnings. hence why csx spiked more than $8 today, 23%. it was staggering. it's incredible. and the pin action, union pacific vaulted up nearly 3 bucks. norfolk southern, that stock rallied more than 4 bucks. after all, if csx is already up so much, maybe these raiders will go after another one. my poin