The CEO of one iron company says he's boiling short sellers 'like frogs'

thinks short sellers are in for a rude awakening if they continue to bet against him.

, surpassing analysts' consensus revenue estimate by 22%. The ore producer brought in $743 million and announced it repurchased 13 million shares over the three month period. It also topped Wall Streets' earnings per share estimates, beating the average expectation by about 20%. The odd statement isn't the first from Goncalves. He told a Wells Fargo analyst on a 2014 earnings call"you have a $4 price target and you think we can't sell assets, so I'm going to take the next question, I'm not going to answer you."when addressing analysts who set negative price targets. He told Goldman Sachs analyst Matthew Korn"you are a disaster. You are an embarrassment to your parents.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix CEO says the 'streaming wars' are good for businessNetflix CEO Reed Hastings doesn't seem too worried about the influx of competitors into the streaming industry. Tomorrow there is no CNBC or u never know. Just not their business Gotta put a good spin on it somehow. Any way to keep the stock price from not plunging more.
Source: CNBC - 🏆 12. / 72 Read more »