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  "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 a screenshot of a Swiss government gazette and a quote from a 2012 10-K filing to highlight a discrepancy.",
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      "kind": "callout",
      "text": "The implementation of the systems and processes will proceed on a staggered basis over a multi year period with the initial go-live rollout having occurred in 2010. We have implemented the Blue Ocean program in our Swiss and Chinese operations and now have approximately one-third of the program completed as measured in users. We expect to implement Germany and the United States over the next two years and will then have more than half of the Company's users on the system. 10-K Feb 2012",
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      "kind": "callout",
      "text": "Despite claiming implementation of Blue Ocean in Switzerland in 2012, there is evidence that Mettler is still struggling with implementation seven years later.",
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      "text": "Despite claiming implementation of Blue Ocean in Switzerland in 2012, there is evidence that Mettler is still struggling with implementation seven years later. We found a post in Feb 2019 in the Swiss Official Gazette of Commerce requesting a work permit for Sunday and public holidays for “Program Blue-Ocean: Go-lives, Performing Tests and Conversions”.",
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      "text": "The implementation of the systems and processes will proceed on a staggered basis over a multi year period with the initial go-live rollout having occurred in 2010. We have implemented the Blue Ocean program in our Swiss and Chinese operations and now have approximately one-third of the program completed as measured in users. We expect to implement Germany and the United States over the next two years and will then have more than half of the Company's users on the system. — 10-K Feb 2012",
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      "text": "Evidence of Blue Ocean Struggles",
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