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

Invesco Water Resources ETF

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Comment by Mofonomoon Aug 26, 2016 10:30am

183 Views

Post# 25179916

RE:RE:RE:RE:RE:RE:RE:Legal action

A few points.

PHO still has an active NCIB so the company can buy back it's shares in the event that the former insiders start dumping.

The company also has $28M in cash with a market cap of $75M so this effectively puts a floor on any price drop. Regardless, retail/instituional investors will scoop up the shares if said insiders decide to dump so I'm not too worried.

As an aside, that homeless guy with a pack of cigarettes and a case of beer can easily afford PHO shares at $0.75. =P

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