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  "docSlug": "954987ce0454",
  "documentTitle": "Mettler-Toledo International, Inc. (MTD)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-07-24 00:00:00",
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  "pageNumber": 10,
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  "notes": "The slide uses a matrix structure to contrast regional data against specific governance and operational concerns.",
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      "kind": "callout",
      "text": "Swiss controlled company, known for secrecy. Limited Swiss external sales, abnormal segment profit. Entrenched CEO/Chairman",
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      "text": "Segment Profit Margin: 151%",
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      "text": "1. Figures are pre-intersegment eliminations. Other countries account for $550m of sales (19%), $78m segment profit (11% of total and 14% margin). * Contino was Audit Chair since 2006 who just retired in 2018. Maerki and Harvey term ended May 9, 2019",
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      "text": "Beware of Mettler's Unusual And Secretive Swiss Structure",
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