I must admit, the two reports from Moelis have been very balanced. I think the 35c target is a bit high in the current environment, but overall both of those reports are a fantastic place to start for someone researching SKF.
Completely agree that for the current stage of the growth cycle we need to forgot the financials and look at the other metrics, which are extremely positive. Definitely a while to go and yes there will be more cap raisings to come as expansion accelerates, but they will hopefully be at a higher price than 18c.
SKF Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held