  We present a magnetotransport study of the low--carrier density ferromagnet
EuB_6. This semimetallic compound, which undergoes two ferromagnetic
transitions at T_l = 15.3 K and T_c = 12.5 K, exhibits close to T_l a colossal
magnetoresistivity (CMR). We quantitatively compare our data to recent
theoretical work, which however fails to explain our observations. We attribute
this disagreement with theory to the unique type of magnetic polaron formation
in EuB_6.
