MTD - Mettler-Toledo: Share Buybacks Build The Investment Case

• Mettler-Toledo continues an extended period of upside, setting new all-time highs with each move.
• The company's share repurchase program provides the economic pillars for a robust investment case.
• Shares command a premium given the name's predictability in unlocking shareholder value via this program.
• Factoring in the net effect of MTD's diluted share count decreasing, we see a 35% value gap to the upside in its valuation.
• We reiterate our buy rating and provide investors with the nuts and bolts for their own investment reasoning.

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