Mettler-Toledo: Potential 7% Buyback Yield, Plenty Of Legs To Run
Summary
- 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.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of MTD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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