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 > Q4 Results Are Spectacular! The Future Looks Bright.

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Comment by Stocker46on Mar 18, 2021 9:47am

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Post# 32824890

RE:RE:RE:Q4 Results Are Spectacular! The Future Looks Bright.

Should be interesting. I expect the SP may decline in the short term .. maybe a buying opportunity.
These high order backlogs are less meaningful than in previous years.
The backlog going into 2020 (for example) was $20.8 M & they generated $17.3 M in revenue for the 1st Q (83 % of the order backlog).
Going into 4th Q the order backlog was $27 M & they generated $14.9 M in revenue.
(55% of the order backlog)

Basically, that tells you that a big chunk of the backlog is for deliveries 3 to 6 months down the road. When covid is no longer a factor, the backlogs will drop to more normal levels.

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