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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
Comment by blackwood2002on Oct 14, 2016 12:55pm
215 Views
Post# 25344210

RE:RE:RE:We have an activist group...

RE:RE:RE:We have an activist group...So we have a new cheerleader interested in PHO. Obviously , they have taken a large position over the few weeks and are seeking a board position. I would expect mgt would be open to a highly qualified new board member to assist to taking this company further. Wth the likes of DR. Litner whom I have never been a fan of ( no material market penetration to the life sciences industry during his tenure or otherwise) on the board I see this as a positive option. Of course there's the elephant in the room regarding a sale of the company or special dividend. If a sale is explored we could see a significant bid much higher than current valuation once the IP issues are settled. I highly doubt a special dividend is in the cards. It's financially just a bad idea period to all PHO shareholders. Re-invest in growth at PHO''s 45%+  margin is far better in my opinion. They have such a minuscule share of the potential market for current products let alone new products and new industry applications like oil and gas.. it appears MG intends to take the steps to grow this company by the statements made these past few months. Having more expertise on the board to execute those plans is a win in my book. He's still not the permanent CEO so I see this as the only risk. If the activists convince the board to hire a "groomed" CEO with their interests in mind it could be a issue vs. MG who we are familiar with. So Perhaps the board should hire a CEO now. Be it MG or an outsider of the current boards choosing. At the end of the day activists jump onboard with companies because the see untapped value. They risk capital to capture that value. I for one am thrilled to see this happen. We have long awaited the true value of PHO to become realized. not to mention the bet the activists are making now in advance of the IP suit results. Id bet they have done significant DD and feel it's a win for PHO at the end of the day. 
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