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 > Put the cash hoard to use

<< Previous

Bullboard Posts

Next >>

Comment by Mofonomoon Mar 15, 2018 1:17pm

245 Views

Post# 27721358

RE:Put the cash hoard to use

From the conference call a few things were brought up:

1) Their multi-billion dollar customers get nervous doing business with a small supplier, so seeing that supplier have a cash reserve acts as a type of insurance/reassurance. Scott mentioned $10M reserve off the top of his head.

2).They have an NCIB in effect for 2018

3) They are using FCF from operations into R&D and developing new business

4) They are looking into building a pipleline of potential acquisitions which would use a combination of cash and debt to potentially acquire a larger company.

<< Previous

Bullboard Posts

Next >>

MDA Space stock blasts off on Q3 financial results