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Invesco Water Resources ETF T.PHO


Primary Symbol: PHO

The investment seeks to track the investment results (before fees and expenses) of the NASDAQ OMX US Water IndexSM (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index seeks to track the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. The underlying index may include common stocks, ordinary shares, American depositary receipts (ADRs), shares of beneficial interest and tracking stocks. The fund is non-diversified.


NDAQ:PHO - Post by User

Bullboard Posts
Post by blackwood2002on May 30, 2015 10:49am
163 Views
Post# 23780799

PE discount?

PE discount?PHO trades around 14x it seems and has done for a while now. Despite industry peers at closer to 20x .. and for a growth company its trading at a steal as most here know. Given the high probability of meeting another .03 earnings next qtr ( 3mm inventory inclusive to 6.9mm backlog) we should see the sp move up into next qtr earnings . That would put earnings at at least .06 for the year almost certainly and at 14x gives a sp of .84 . If they manage to hit a .10-.12 annual earnings this stock has a ton of room to run ! I suppose to think about the lack of promotion by the executive team is somewhat self serving . By not assisting in the sp run up by promotion or otherwise their options pricing will be lower on any new options to be granted vs pump the stock and new options granted at a much higher sp. Same could be said for us as well. Time to accumulate at lower prices will not be an opportunity for much longer I'm guessing. I'm happy to buy in the low 70'  when .12 in earnings at 14x put the sp at 1.68 by next spring . With a high probability of that prediticton becoming realized . That could also include a listing change , potential acquisition or other supportive news in this year to further add fuel to a strong run . I've been here since 2006 and patiently waited .. It's now so close I can taste it! I've got a spot for a new Tesla in the garage 😜. 


Bullboard Posts