Shares of Mettler-Toledo (MTD) are under pressure on Wednesday after Spruce Point named it a short idea, saying it found "strong evidence of aggressive financial, tax and capitalization and inventory accounting
policies used to bolster earnings." Further, Spruce Point noted that its diligence into the company's China business showed "evidence of significant revenue, cash, and asset discrepancies," and that it sees 30%-50% downside once "investors' dissect Mettler's EPS quality and realize its valuation is extreme." STRONG SELL: In a newly published report, Spruce Point initiated Mettler-Toledo, formerly known as Taser International, with a Strong Sell as it has "significant concerns" about the company.
* The bill would simplify inventory accounting
for small and medium-sized companies so inventory can be deducted immediately, and businesses that have inventories wouldn't be disqualified if they otherwise can use the cash method of accounting.
Retailers hold up plan to simplify inventory accounting
. FASB delayed its project to implement a short-term improvement to inventory accounting
Securities and Exchange Commission registration and reporting requirements, inventory accounting
techniques, acquisition due diligence and reporting, corporate income tax, and stock compensation programs.
The guidance does not include any potential litigation reserve adjustments or the impact of any potential new acquisitions, divestitures, impairments, material restructuring or charges for LIFO inventory accounting
Formal DoD acceptance of the BiB system was issued following completion of the testing, training and a complete inventory accounting
Tax preferences that could be eliminated include deductions benefiting oil, gas and coal companies worth $28 billion and the "last in, first out" method of inventory accounting
, used by manufacturers and distribution companies, that's worth $77 billion.
Genpact will also improve its offering of finance and accounting (F&A) services to the retail sector in the fields of store, franchise and inventory accounting
as well as in trade promotions.
* Repeal Last-In, First-Out (LIFO) Method of Accounting for Inventories: The President's budget repeal the use of the LIFO inventory accounting
method for Federal income tax purposes.
Earnings in the 2010 quarter included a $26.3 million (pretax) nonrecurring charge related to a retail inventory accounting
Roberts entered the inventory accounting
ERP sales arena with Reynolds and Reynolds, where he served as a senior solution specialist, regional manager and strategic account sales specialist during his 10-year tenure.