Morningstar Dividend Investor puts an even higher buy price on it, @ $35.30, with Fair Value @ $40.
They like it because of its leveraged claim on distributions from XTEX. Assuming a 4% to 5% dividend growth from XTEX, this should generate a 10% dividend growth for XTXI.
They are predicting a jump from $0.88 to $1.25 in dividends for XTXI next year because the 12.8 million units issued by XTEX in 2006 for an acquisition will provide additional cash flow next year.