Disney stock certificates off to Never Never Land


| Zoom

NEW YORK (AP) - Stock certificates issued by The Walt Disney Company are heading off to Never Never Land.

The stock, which features images of Dumbo, Bambi, Mickey Mouse, Cinderella and other Disney animated characters, have long been a collector's item and are pitched by numerous online vendors as a way to teach children about investing.

However, U.S. corporations have been switching to electronic stocks for years and on Oct. 16, Disney will follow suit.

Most do so for cost savings, but Disney also cited security.

"Like hundreds of other companies, Disney will no longer be issuing paper stock certificates in an effort to create a more secure and efficient system," the company said in a statement.

Given their popularity, there may be a rush to buy with one week remaining to do so.

Disney shares are listed as the No. 1 seller on the website giveashare.com

Shares of the Burbank, Calif. company hit an all-time high in May and are already up close to 30 percent this year.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Top Stories

  • Prime-Time
    Will prime-time be a good time for the Seahawks once again?

  • Week in Photos
    Cheetahs, penguins and Santa make it in this week's photos
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.