Stockwatch: In earnings season, the house always wins
This article was originally published in Scrip
Executive Summary
As the third week of the full-year 2012 financial blizzard of reports brought the main part of earnings season to a stateside snowbound close, the take-home message of a difficult financial 2013 softened by spin-offs and other transactions meant that there will always be at least one winner, even if it is not an investor.