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Parsons Corporation (PSN)

NYSE - NYSE Delayed Price. Currency in USD
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41.37-0.90 (-2.13%)
At close: 4:00PM EDT
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  • K
    K
    How is it that Parsons’ competition Jacobs and Aecom share prices are doing very well compared to Parsons, considering both are operating at a loss? Go figure. Parsons should be $55 at fair valuation.
  • I
    Iris
    One shining moment and then, BOOM! Down she goes.
  • T
    TED
    185 million cost+ contract won today. I like the cost + part.
  • F
    Fong
    What i just stated herein just a day or so ago is right. To me, the "selling off" last Wednesday (5/5/2021) is just an "OVER-REACTION" from a "not so great" report by an organization. What is right, a very right and great report is the 2021 1st Quarter Parsons' Financial Report published by Parsons. This Report can be found herein this site. Focus on "RECENT SIGNIFICANT CONTRACT WINS", very impressive and this is what PSN be moving forward and upward. I am a long term here and am started recovering my losses from last Wednesday. Hope you do recovering the same. Good luck.
  • T
    Think
    PSN is doing well and Baseball is a no show. Go figure.
  • F
    Fong
    Some of us here in this board will get their wish on July 1, 2021. I am just hoping more greens from this day on. Eventhough, Chuck has done great (if not the greatest or most superior) jobs with this Corporation and its stock PSN. See the big government contracts he achieved (acquired) for the last 3 months, excellent job, CHUCK! and congratulations on your retirement, and welcome Ms. Carey Smith as a new CEO!!!!!!!
  • F
    Fong
    PSN will catch up again in few days. I am in a long-term here anyway.
  • T
    Think
    Closed above $40...shiny
  • F
    FringDook
    Where is baseball? He finally got his wish as Chuckie Harrington is getting relieved from his duty as CEO.

    looks like they are promoting a lady with significant outside experience.

    as a former employee of Parsons, this could be excellent for this company, especially timing wise with big infrastructure spend they are discussing. I will begin to rebuild a position.
  • K
    K
    PSN is still an infrastructure company, so why isn't it inching up like Jacobs and Aecom? The latter two went up 24% since February 2021. The catalyst was most likely the mention of gov't's desire to pass a $2T infrastructure bill. I hope investors will find PSN a safe play in both infrastructure and defense markets.
  • K
    K
    PSN should be going up. I'm sure shorters are manipulating it big time. In the end the institutional buyers will see good value and add it to their portfolio. This stock should be selling at $60/share, which is closer to its fair value.
    Bullish
  • K
    K
    Leaping lizard, not sure if the fake infrastructure bill or new CEO is the catalyst, but SP is up over 25% the last month. Hopefully, earnings will beat forecast.
    Bullish
  • M
    Matthew
    From what I saw I do not think there is anything to worry about. There was a little bit of an overreaction to the news. I would expect this to continue to go up slightly over the coming months.
  • B
    Bruce
    15 yrs ago Parsons decided to not chase design contracts, and to focus on program and project management. As you said, the profit margins on design contracts is slim to none. If you look at Parsons profits, its much better than its competitors in the AE space. I'm proud to say I own this stock. As a former employee of Parsons and its major competitors, getting out of the design business was a great business decision.
  • u
    ukmike8
    ESOP SHARES
    SOP shares are given to the US employees annually at 8% of Salary up to a limit according
    to ESOP rules. These shares come from a pool of the shares the company buy back from employees
    who retire that year and a company held shares.
    So no ESOP share of the float shares which are only 20 % of the total shares.
    This was current till the company went public. Now they need to tell us how the ESOP shares are
    dealt with now .The ESOP shares are held by the company in employee ESOP accounts.
  • u
    ukmike8
    Massive down volume Friday must be some explanation. Not insiders or ESOP as far as I can see. Any ideas?
  • E
    E
    Why are we being blessed with an opportunity to buy a well established company at a discount?? That should be the only question!!
    Bullish
  • B
    Baseball
    TIME for buy rec's to start, then watch when largest shareholder (ESOP) starts buying, we smaller shareholders just buy what we can and forget , it'll go thru the roof
  • R
    Rob
    Get on board
  • M
    Martin
    Houston we have ignition!!!