The Momentum At CSX

摘要

Widespread signals that an economic recovery is in place, plus Warren Buffett's purchase of Burlington Northern Santa Fe on Nov. 3, have buoyed other rail stocks. Carl Birkelbach, president of Birkelbach Investment Securities, says CSX is the most attractive of the lot as it should gain immensely from the coming recovery. Its stock climbed to a 52-week high of 50.15 a share on Nov. 17, up from 20 on Mar. 9. With the stock now at 48.82, Birkelbach says there's at least a further 30% upside potential in the next 6 to 12 months.