It's Monday, March 22nd. Welcome to Market Forward. I'm Chris Hill with me today, Jason

Moser. Good to see you. Addy. We've got an ETF built on FOMO. We're going to talk spin-offs

and share an investing lesson from the big dance. But we're going to start with the deal

of the day in the railroad industry, no less. Canadian Pacific Railway is buying Kansas

City Southern. It is a cash and stock deal worth $25 billion. And this will be the first

freight rail network to connect Canada, the US, and Mexico. Shares of Kansas City Southern

are up on this announcement. That really shouldn't surprise anyone. Up about 12 percent today.

Up 150 percent for the past year. That surprised me. Well, I mean railroads, very interesting

type investment. I mean, I think with railroads, much like these sort of state-boring businesses

with railroads, they make a lot more sense the longer that you own those shares. You know,

I think if you look at Canadian Pacific's stock chart, for example, and you'll see that

play out over the course of five and ten years. This is an interesting deal from a number

of perspectives. I mean, to me, really, the headline is, and then there were six. And

what I mean by that is that now we will see consolidation in this space to where we had

seven class one railroads. Now that's whittled down to six. And ultimately, this is the

joining of the two smallest in the class one railroads. And as a reminder, for all of

those of you who are wondering, class one railroads, what are they and who are they? I mean,

these are generally based on size and coverage. But class one railroads are BNSF, Burlington,

Northern Santa Fe, CSX, a grand trunk corporation, which is Canadian Nationals operations. And

you had Kansas City Southern, you had Norfolk Southern, Sioux Line Corporation, which

is Canadian Pacific's operations, and then Union Pacific. So of those seven, we're seeing

the two smallest come together here in this deal. And it seems like a pretty fair. I

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