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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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  "notes": "The slide uses a comparison of 2017 vs 2018 10-K filings to show a change in property status, and a screenshot of a business entity summary to show delayed disclosure.",
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      "kind": "callout",
      "text": "Why in the late stages of business cycle is Mettler now acquiring its real estate in newly formed entities? Is it becoming more desperate to boost earnings by removing lease expense, and to capitalize costs?",
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      "text": "Why in the late stages of business cycle is Mettler now acquiring its real estate in newly formed entities? Is it becoming more desperate to boost earnings by removing lease expense, and to capitalize costs? Mettler delayed disclosure of the new subsidiary entity until April 2019, when it should have been disclosed the sub in the 10-K exhibit filed in Feb 2019.",
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      "text": "More Capitalization: Entity Formed To Quietly Acquire Real Estate",
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