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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

Comment by blackwood2002on Aug 17, 2017 8:14pm
365 Views
Post# 26594364

RE:Sell off to continue?

RE:Sell off to continue?Why sell off? Obviously there's enough buying interest here. Company has been de risked and final expenses related to transition, litigation etc is known at $700k over the next two qtrs. All one off expenses already incurred or known. Done deal! CFO stated they expect 3rd/4th qtrs to be similar to the first 1/2 .. so roughly 40mm in revenue for the year. $5mm+ more cash on the balance sheet after exp was the forecast .. although not a "specific" forecast but the first time it has ever been mentioned. New client rampup, upwards of $8mm in rev from them alone. Excluding all the other positives, lower royalty fees, new products, distribution agg , big inventory they are still sitting on etc. need I go on? I'd be very suprised holders would drop out of the stock now. What's the downside? Semi con industry on fire.. demand growth, margins, no debt, possible aquisition by PHO or of PHO. If your running to the door now your crazy! The sp has consolidated at these levels for some time now and set up for a run. I'd see funds start kicking tires now the past is in the rearview mirror and the go forward picture is very attractive. 
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