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  "docSlug": "954987ce0454",
  "documentTitle": "Mettler-Toledo International, Inc. (MTD)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-07-24 00:00:00",
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  "notes": "Uses screenshots of LinkedIn profile and SEC SD form to prove the contradiction.",
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      "kind": "callout",
      "text": "By not mentioning anything in its 10-K or 10-Q SEC filings about commodities, Mettler conceals its exposures to commodities.",
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      "text": "Manufacturing operation photo",
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      "text": "3TG Disclosure and Description of Inquiry/Analysis from SEC SD form",
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      "text": "By not mentioning anything in its 10-K or 10-Q SEC filings about commodities, Mettler conceals its exposures to commodities. However, its Head of US Supply Chain touts his work developing \"long range commodity strategies for a variety of commodities, including steel\". Public videos of Mettler's operations show significant use of metals in the manufacturing process. Mettler should explain its commodity exposure in greater detail, especially since its SD form traces many metals in its supply chain.",
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      "kind": "quote",
      "text": "Develop long range commodity strategies, manage existing supplier relationships and develop new suppliers as needed. Negotiate supply contracts with local and international suppliers. — LinkedIn Profile of Head of US Supply Chain Excellence at Mettler-Toledo International, Inc.",
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      "text": "Source: LinkedIn, YouTube, SEC SD form",
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      "kind": "title",
      "text": "What About Commodity Exposure And Impact on Inventory and COGS?",
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