mxg will fall back to 3.00

Negative news has not effected this stock recently because it's in dividend play.

With a 7.8% yield it's a no-brainer under 3.10. It'll fall to 3.00 after the XD on 26 Jun'06 and possibly collapse to 2.80. If that doesn't hold then 2.50/2.20 depending on the situation.

CommSec has a 350% EPS turnaround in 2007, so based on that if MXG can consolidate and make solid growth it may be a good long term investment.

  CommSec
  Earnings and Dividends Forecast (cents per share) 
        2005   2006   2007   2008 
  EPS   13.6   -9.3   26.8   31.0 
  DPS   29.8   18.5   24.0   24.8

I would go short at 3.25/.30.