It's pretty rare that a stock will jump as much as 47% in a single day, especially when the company boasts a market capitalisation of over $4 billion.
But that's exactly what Toll Holdings Limited (ASX: TOL) has done today, surging as high as $8.98 after it closed at $6.08 per share on Tuesday. The massive ascent came after the integrated logistics provider received a $6.5 billion takeover bid from Japan Post, valuing the company at $9.04 per share.
Source: Yahoo Finance
What makes this an even more incredible result is just how poorly the stock has performed over the last five years, having fallen roughly 28% in that time compared to a 30% rise from the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). Investors who listened to Citigroup's advice to sell the stock early last week would certainly be upset with their decision to do so.
While investors may have missed the boat on Toll Holdings, there's another company which is posing as an excellent buy right now.