Mickey, Dumbo and Walt won’t be gracing the company’s stock certificates after October 16. In fact, nothing will. Disney says it will stop issuing the popular paper and switch to an electronic version. Collectors won’t dig the move, and neither will the sites that hawk the certificates as an entree for kids into investing. “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. Read: It’s a cost-cutting move. Disney added, though, that investors can request non-negotiable “certificates of acquisition”. Expect a run on the paper during the next week; you know how the Disney collectorati can obsess.
Disney Thwarts Collectors: No More Stock Certificates
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