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  "documentTitle": "Mettler-Toledo International, Inc. (MTD)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "presentationDate": "2019-07-24 00:00:00",
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      "text": "Mettler does not report inventory reserves at the parent level to U.S. investors, however, at the international subsidiary level we find disclosures that suggest inventory provisions from 7.7% - 27.9% of stated value.",
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      "text": "Mettler-Toledo Safeline X-Ray Ltd (UK) 9.6% disclosure",
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      "text": "Mettler-Toledo (S) PTE Ltd (Singapore) 7.7% disclosure",
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      "text": "inventory provision: 27.9%",
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      "text": "Mettler does not report inventory reserves at the parent level to U.S. investors, however, at the international subsidiary level we find disclosures that suggest inventory provisions from 7.7% - 27.9% of stated value. This is a significant reserve provision based on industry peer disclosures of 3% - 4%.",
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      "text": "Mettler's Hidden Inventory Reserves",
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