Disney stock certificates off to Never Never Land - KALB-TV News Channel 5 & CBS 2

Disney stock certificates off to Never Never Land

Posted: Updated:
Walt Disney Productions issues its first stock on April 2, 1940.  Photo Source: thewaltdisneycompany.com Walt Disney Productions issues its first stock on April 2, 1940. Photo Source: thewaltdisneycompany.com

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 This material may not be published, broadcast, rewritten or redistributed.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Woman accused of battering mayor prepares to head to court

    Woman accused of battering mayor prepares to head to court

    Tuesday, July 22 2014 7:41 PM EDT2014-07-22 23:41:19 GMT
    ALEXANDRIA, La. (KALB News Channel 5) -- An Alexandria woman is pleading for the city to drop a "simple battery" charge against her stemming from an incident at a city council meeting more than a year ago.More >>
    ALEXANDRIA, La. (KALB News Channel 5) -- An Alexandria woman is pleading for the city to drop a "simple battery" charge against her stemming from an incident at a city council meeting more than a year ago.More >>
  • Metro Division conducts anti-prostitution operation

    Metro Division conducts anti-prostitution operation

    Monday, July 21 2014 9:38 AM EDT2014-07-21 13:38:27 GMT
    ALEXANDRIA, La. (KALB News Channel 5) - On July 17, 2014, the Metro Division of the Rapides Parish Sheriff’s Office conducted an operation targeting prostitution in the Alexandria area.The operation focused on internet solicitation for prostitutes at local hotels. More >>
    ALEXANDRIA, La. (KALB News Channel 5) - On July 17, 2014, the Metro Division of the Rapides Parish Sheriff’s Office conducted an operation targeting prostitution in the Alexandria area.The operation focused on internet solicitation for prostitutes at local hotels. More >>
  • Homeless students: Leveling the playing field

    Homeless students: Leveling the playing field

    Tuesday, July 22 2014 7:04 PM EDT2014-07-22 23:04:21 GMT
    RAPIDES PARISH, La. (KALB News Channel 5) -- Not all students in Rapides Parish have the supplies they need for a productive school year. Nearly 500 children attending school are considered homeless, but there are community organizations looking to lend a helping hand.More >>
    RAPIDES PARISH, La. (KALB News Channel 5) -- Not all students in Rapides Parish have the supplies they need for a productive school year. Nearly 500 children attending school are considered homeless, but there are community organizations looking to lend a helping hand.More >>
Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KALB. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.