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  "docSlug": "954987ce0454",
  "documentTitle": "Mettler-Toledo International, Inc. (MTD)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-07-24 00:00:00",
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  "pageNumber": 19,
  "pageCount": 136,
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  "nDataPoints": 48,
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      "text": "We believe the Street has failed to critically assess the quality and performance of Mettler’s China business, and takes management’s Adj. EPS as given, without stress testing its accounting choices that are geared towards high capitalization of development costs, endless restructuring, and long periods of amortization in excess of industry norms.",
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      "text": "Price Target: $434-$569",
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      "text": "Note: Downside Based on $820 share",
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      "kind": "title",
      "text": "Spruce Point Estimates 30% – 50% Downside",
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