Thu, May 23, 2013, 4:15 AM EDT - U.S. Markets open in 5 hrs 15 mins
Morningstar says buy up to $34. and sell at $52. Rated 5 stars!
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.
You will also be glad to know that goldman has a buy on xtxi.