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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": "Includes red 'X' marks and callout box indicating reconciliation failure.",
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      "kind": "callout",
      "text": "We cannot reconcile $52m",
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      "text": "Operating Profit: $52m",
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      "kind": "paragraph",
      "text": "We are able to match Mettler's Total Net Sales in China by removing the effect of the Shanghai International Trading and Shanghai Measurement Instruments entity. However, the margins that Mettler depicts appear to be much lower than in the SEC filings.",
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      "text": "Note: Converted at 6.8 $/RMB for 2018. All are official tax filings except for Mettler-Toledo (Chengdu) Scale & System Ltd. which is SAIC. Total assets are small and does not appear a significant entity. China Mettler-Toledo (Changzhou) Scale & System Ltd. 2018 results estimated based on 2017 results",
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      "text": "China As Depicted In Tax Filings (Cont'd)",
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