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.

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Invesco Water Resources ETF > Echelon Note, $3.50 TP

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Comment by lscfaon Mar 18, 2021 5:05pm

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Post# 32829106

RE:RE:Echelon Note, $3.50 TP

Revenues lag opex investments, dumbass.....

prophetoffacts wrote:
BIG 22% hit to 2021 EBITDA...

"Estimate revisions: We are rejigging our estimates for 2021. Namely, we are increasing our

opex estimate to an average of $5.3M/quarter to account for increased investments to

address multiple market opportunities (namely, FBG commercialization and penetrating the

deposition segment). We are also decreasing our GM% forecast to account for the

unfavorable FX move with the CAD/USD strengthening ~15% y/y. Net net, our 2021 sales/EBITDA move to $74.6M/$22.3M from our previous $72.9M/$28.6M. For 2022, our sales/EBITDA are slightly higher at $87.9M/$32.4M vs. $82.4M/$31.6M previously."