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"You are a disaster, your parents are embarrassed," he said in response to a seemingly innocuous question about a new dividend and his intention to buy back shares.
Goncalves did not stop there. He suggested that the company buy back shares to counter analysts and bearish traders. He called them "children playing with computers and money from someone else".
He said he hoped the redemptions hurt those analysts a lot.
"We're going to fuck those guys so badly that I do not think they'll be able to quit – they're going to have to commit suicide, so we're going to fuck those guys so much, it'll be fun to watch," he said. "You play with the wrong guy."
Goncalves made these remarks in response to the first question of the appeal. He may have been scared because the stock was down about 6% after reporting slightly worse than expected results. Shares are still up nearly 50% this year.
Speaking on CNBC on Friday afternoon, Mr. Goncalves said he did not regret this call and even seemed to rejoice at the fact that Cleveland-Cliffs was attracting as much attention as prestigious companies like than Tesla, Amazon and Facebook – at least for a day. .
Goncalves also called Matthew Korn, Goldman Sachs analyst, inviting him to "ask a dreadful question".
While the teleconference was about to end without Korn asking questions, Goncalves said about Korn: "You can run, but you can not hide, I'll see you very soon at the conference. Goldman Sachs. "
He added that Korn should bring a colleague with him to the conference because Goncalves "would take care of him" and "it will be much worse if you are alone."
"The problem with time, is that the clock does not stop," threatened Goncalves.
Goldman Sachs and Korn declined to comment on Goncalves' verbal attack. We do not understand why Goncalves was particularly angry with Korn.
Although Korn has a "neutral" rating on the stock, he praised the company in a report released after the earnings release, saying the dividend payment "would probably be the biggest revenue of the quarter" and that he it was expected that "the title outperforms accordingly."
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