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Mettler-Toledo International, Inc. (MTD)Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller Beat · Setup & Stakes1 hit
20
Mettler-Toledo International, Inc. (MTD)Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller Beat · Expose ContradictionLoop · The Reveal1 hit
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Mettler-Toledo International, Inc. (MTD)Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller Beat · Evidence1 hit
31
Uses visual evidence from SEC filings to show the removal of the 'Principal Accounting Officer' title from the CFO's signature block over time.Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller Beat · Evidence1 hit
32
Includes excerpts from auditor reports and a red arrow indicating the progression of findings.Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller Beat · Evidence1 hit
34
Uses a screenshot of a website's region selector to prove the company's actual go-to-market structure.Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller Beat · Evidence1 hit
48
The 'cockroach' metaphor is a common activist short-seller trope implying that if you see one problem, there are likely many more hidden.Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller Beat · Evidence1 hit
60
Spruce Point Capital Management branding (pine tree logo).Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller Beat · Valuation Table1 hit
62
The slide uses a 'before-after' or 'contradiction' framing by juxtaposing internal Luxembourg documents with public SEC disclosures.Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller Beat · Valuation Table1 hit
64
This is a transition slide for an activist short report by Spruce Point Capital Management.Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller Beat · Valuation Table1 hit
71
The slide uses screenshots of Glassdoor-style reviews with red boxes highlighting negative feedback about IT infrastructure.Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller 1 hit
72
Red arrow connects the restated 2008 figure in the 2009 10-K to the original 2008 figure in the 2008 10-K.Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller 1 hit
74
Uses a screenshot of a Swiss government gazette and a quote from a 2012 10-K filing to highlight a discrepancy.Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller 1 hit
77
Includes a screenshot of a public records search and a table of lease expenses.Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller 1 hit
78
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.Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller 1 hit
79
Mettler-Toledo International, Inc. (MTD)Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller 1 hit
86
Mettler-Toledo International, Inc. (MTD)Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller 1 hit
97
Uses red boxes and arrows to highlight missing or inconsistent information in SEC filings.Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller 1 hit
100
Uses visual evidence (photos) and registry data to cast doubt on asset legitimacy.Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller 1 hit
105
Spruce Point Capital Management branding (tree logo).Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller 1 hit
108
The slide uses highlighted text in source excerpts to draw attention to the contradiction.Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller 1 hit
110
Mettler-Toledo International, Inc. (MTD)Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller 1 hit
115
Uses a combination of biographical background and SEC filing excerpts to build a case of self-serving behavior.Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller 1 hit
119
Uses red arrows to highlight specific data points from source tables to the summary table.Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller 1 hit
124
This is a branding/transition slide featuring the Spruce Point Capital Management logo.Mettler-Toledo International, Inc. (MTD) · Ben Axler
Activist deck Short seller Loop · Cost Of Inaction1 hit
01
Slide 1
The image is stylized to look like police body-cam footage, with the subject's shirt edited to read 'BUY MY STOCK'.Axon Enterprise (formerly TASER) (AAXN) · 54_Spruce_Point_Capital
Activist deck Short seller Beat · Setup & Stakes1 hit
03
Standard Spruce Point branding with logo and confidentiality footer.Axon Enterprise (formerly TASER) (AAXN) · 54_Spruce_Point_Capital
Activist deck Short seller Beat · Setup & Stakes1 hit
05
This is a classic activist short-seller thesis slide, focusing on accounting irregularities and operational failures.Axon Enterprise (formerly TASER) (AAXN) · 54_Spruce_Point_Capital
Activist deck Short seller Beat · Setup & Stakes1 hit
08
Spruce Point Capital Management branding (pine tree logo).Axon Enterprise (formerly TASER) (AAXN) · 54_Spruce_Point_Capital
Activist deck Short seller Beat · The Monster1 hit
55
Kornit Digital Ltd. (KRNT)Kornit Digital Ltd. (KRNT) · Ben Axler
Activist deck Short seller Beat · Resolution1 hit