Disney stock certificates off to Never Never Land

Source: AP-Excite

By JOSEPH PISANI

NEW YORK (AP) - Disney's paper stock certificates are heading off to Never Never Land.

The stock certificates, with images of Mickey Mouse, Dumbo and Tinker Bell on them, have long been collector's items and a fixture in many children's bedrooms. They are a popular gift among parents, grandparents, uncles and aunts who want to teach kids about the stock market.

But The Walt Disney Co. (DIS) said Tuesday that it will stop issuing the paper stock certificates to shareholders on Oct. 16.

It's sad news for collectors who covet everything Disney. But it's not shocking to those that watch the stock market. U.S. companies have been switching to electronic stocks from paper ones for years in order to cut costs.

FULL story at link.


Read more: http://apnews.excite.com/article/20131009/DA9ASO080.html

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In this file product image provided by OneShare, a single share of stock from The Walt Disney Company is shown. The Walt Disney Company has announced that on Oct. 16, 2013, it will stop issuing paper stock certificates. The stock, which features images of Dumbo, Bambi, Mickey Mouse, Cinderella and other Disney animated characters, have long been a collector's item and have been pitched by numerous online vendors as a way to teach children about investing. (AP Photo/OneShare, File)