Letters by company
Valero Energy CORP
5 letters discussing VLO. 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
- Miller/Howard Investments Diversification Has Left the Building: Dividends Can Provide a Solution Miller/Howard argues that mega-cap technology concentration has spread from growth indices into value benchmarks, making high-yield dividend strategies a differentiated source of diversification. The firm exited Stag Industrial, added Novartis, Home Depot, Regency Centers and SunocoCorp, and repositioned utility and energy portfolios toward growth, balance-sheet strength and North American infrastructure demand. 3Q 2026 AAPL $5.2TAMZN $2.9TMSFT $3.9T
- Auxier Asset Management Auxier Report: Summer 2026 Auxier Focus Fund favored AI-infrastructure suppliers including Corning, Nvidia and Dell while warning that debt-funded data-center expansion, leverage and concentrated momentum exposure could reverse sharply. The portfolio also emphasized durable franchises such as Mastercard, Visa, Bank of New York Mellon, Philip Morris and Alphabet, and cited operational AI savings at UnitedHealth and other insurers. Second Quarter 2026 AMZN $2.9TBNY $103BDELL $238B
- 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 $92BBA $138BBNY $103B
- Auxier Asset Management Auxier Report: Winter 2025 Auxier Focus Fund favored undervalued, cash-generative businesses as healthcare, banks, AI infrastructure suppliers and foreign holdings rebounded. The manager defended positions in UnitedHealth, housing, energy and selected software companies, while warning that AI capital spending, leverage and speculative valuations could produce sharp reversals. Fourth Quarter 2025 FISV $34B
