UPGD: Sadly Underdelivers, And My Skeptical Stance Is Unchanged

Core Insights - The Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) has garnered attention due to its intriguing premises and strategy changes [1] Group 1: Investment Strategy - The individual investor and writer Vasily Zyryanov employs various techniques to identify underpriced equities with strong upside potential and overappreciated companies with inflated valuations [1] - Zyryanov focuses on the energy sector, including oil & gas supermajors, mid-cap, and small-cap exploration & production companies, as well as oilfield services firms [1] - The analysis extends to other industries such as mining, chemicals, and luxury goods [1] Group 2: Analytical Approach - A meticulous assessment of Free Cash Flow and Return on Capital is emphasized to gain deeper insights beyond simple profit and sales analysis [1] - The investor acknowledges that some growth stocks may deserve their premium valuations, highlighting the importance of evaluating the market's current opinions [1]