There is still a big opportunity for PRL, and with 33% revenue growth last quarter things look good at the moment. There is plenty of competition, and higher rates can limit growth (and increase losses) but the company is still certainly in the early stages of its growth. Even with 100%+ growth recently in some metrics, the company 'expects growth to accelerate' in the 2H of this year. The quarter was solid, but much could happen to slow things down (economy, rates, competition, govt regulations). But the valuation is attractive at 8X earnings, with a good dividend. The sector does not tend to get high valuations, however, but we would still consider 8X earnings attractive considering its recent growth and projections. The stock is doing better, but we would note its price is still below its October 2021 (poor timing) IPO price of $9.75.
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