Disney to stop stock certificates
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 Wednesday, Disney will follow suit. Most do so for cost savings, but Disney also cited security.
Given their popularity, there may be a rush to buy with less than a week remaining to do so.