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 > Hodson on BNN

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Comment by rationalexuberanceon Nov 16, 2018 3:19pm

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Post# 28986846

RE:RE:RE:Hodson on BNN

the cash has nothing to do with the p/e ratio unless you're trying to value the stock and coming up with a fair value

pardon me, the p/e is 14, not 15, which is 3 times more than Micron

wouldn't be surprised if PHO writes off inventory in the next couple of quarters; those profits will then become losses....

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