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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 Mofonomoon Feb 15, 2017 8:49am
244 Views
Post# 25847743

RE:RE:New Facilities

RE:RE:New FacilitiesMichael Goldstein did mention during the last quarters' conference call that the move to the new facility will be completed by April (in response to a shareholder question - I believe by the Echelon analyst Amir).

A curious takeaway from that answer was that they expect to double capacity without adding any CAPEX. If you look at PHO's balance sheet, they have very little in terms of PP&E, so it's pretty amazing that they are able to generate the levels of sales and margins given the amount of money invested in PPE.
Bullboard Posts