Cogent went up by more than 5% today. It is mainly due to the news that the owners might be selling its business http://www.businesstimes.com.sg/stocks/stocks-to-watch-singpost-frasers-hospitality-trust-ascendas-hospitality-trust-osim-cogent The WSJ said the deal could be worth more than 400 million. However, while I am vested and would gladly ride this wind, i have to honest and feel that is most probably just wind, particularly the price involved. 400 mio price tag is double Cogent current market cap. And almost 4 times its total assets. While I like its business as well as management, the buyer only get the business and not the management. Would u pay $4 for $1 asset. If u look at earning ratio, it is inexpensive now, but if u double the current price to 80cents then PE will look a bit stretched for logistic players. I know, I slapping myself right. Should let the ......