Letters by company

Phillips 66

2 letters discussing PSX. Everything written about it on this site is on its ticker page.

Auxier Asset Management Auxier Report: Fall 2026 Auxier Focus Fund tightened its emphasis on downside protection as debt-financed AI infrastructure spending, leverage and rising rates raised the risk of forced liquidations. The fund favored durable, founder-led businesses with free-cash-flow yields and strong balance sheets, while retaining short-term Treasuries until discounted opportunities emerge. Third Quarter 2026 META $1.6T0KFZ AMZN $2.9T
Auxier Asset Management Auxier Report: Spring 2026 Auxier Focus Fund favored defense contractors, industrial reshoring beneficiaries and energy refiners amid the Strait of Hormuz disruption and rising military budgets. It defended software holdings including Intuit, Adobe and Microsoft, arguing that proprietary data, installed bases and durable management can offset AI-driven margin fears. First Quarter 2026 ADBE $93BBA $137BBNY $3.7B