MTD - Mettler-Toledo: Potential 7% Buyback Yield Plenty Of Legs To Run

• Mettler-Toledo exemplifies the marriage of a great company and great investment.
• The value proposition extends beyond company fundamentals, with shareholders enjoying routine buybacks since its float in 1997.
• There are a number of upside targets yet to be priced into the stock.
• We've priced MTD at $1,529 per share on a valuation composite and see additional 4% in buyback yield based on historical data.
• We also push back the sell-side's bear thesis on the stock, opening the discussion in the investment debate.

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