Public Market: PeopleSupport

KD continues to think that cross border investment opportunities are ripe and available for investment. Just now has globalization really created mass scale businesses and there will be more to come. Earlier this year KD speculated that PSPT, peoplesupport, was highly undervaled, trading at 9x P/E. The call center business has aggressively shifted from US to low cost labor in India and Philippinnes. And most recently, the Phils has won over business from India. With this simple insight, KD made a bet on PSPT at $8.90. Today the stock trades at $21 and he will take that gamble to the bank.