Carloadings up againContinue to be impressed with CSX carloading data. Up 11.7% for week 15 and 10.9% for first two weeks of Q2. This following a 2.9% rise for Q1. Cant help but think the stock is undervalued at $28.25. I can see 2014 annual earnings topping $2.10 per share. At current 15.3 PE that puts the price around $31, or 10% up from here. Give us a bit of multiple expansion, and I can easily see $35 in the price, a 30% gain in 6 to 9 months.