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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

Comment by retiredcfon Nov 10, 2019 1:46pm
554 Views
Post# 30333034

RE:RE:RE:RE:RE:Q3 RESULTS SPECTACULAR!

RE:RE:RE:RE:RE:Q3 RESULTS SPECTACULAR!The crew at 5iResearch have been long time supporters (although more cautious lately due to weakness in the sector). At any rate, they were asked their views of the results. 

In their opinion, it was a good Q considering the environment with all metrics ahead of estimates; EPS (36%), sales (19%), EBITDA (80%). While sales declined 13% and they would like to see more revenue growth,  they have $34M cash, bought back $900K in shares and their backlog rose by $1M. The market seemed to agree which is why the stock is beginning to gain traction. GLTA
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