Starbucks Passes The Greenblatt's Magic Formula Filter

JohnFScott Introduction In this article, we review Starbucks' (NASDAQ:SBUX) recent financial record using the criteria offered by Mr. Joel Greenblatt in his bestselling book "The Little Book That Still Beats the Market"*. In particular, we review Starbucks' return on tangible capital and earnings yield while making adjustments to reflect the methodology that Mr. Greenblatt employed. When applicable, we identify the rationale behind the adjustments to book values and connect it to the framework outlined in h ...