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 > Large disconnect

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Post by Altman1979on Nov 10, 2018 11:17am

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Post# 28954931

Large disconnect

There is a disconnect between mgmt communication of “industry leading growth” and mgmt execution. Achieving lower end of guidance while still harping on about growth exceeding the industry doesn’t make sense. Free cash flow, net cash and healthy backlog are good but if u miss consensus, non of that matters.

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