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GSY and lending companies are subject to rate risk first from the potential lowered demand from consumers due to higher rate costs. Additionally, rate risk implies default risk from consumers, as rates rise the potential for certain customers to not be able to pay back their loans would harm GSY. Lastly, it can be common for lenders to borrow money to fund lending activity, so as rates rise, costs to lend do as well.
Valuation still looks very attractive to us at 9.9x forward price-to-earnings and 1.9x forward sales. Solid growth is forecasted fo EPS and revenue over the next two years.