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Old 10-09-2013, 12:18 AM   #1
Rumors Rocks
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Exclamation Disney Stops Issuing Stock Certificates in Blow to Fans

Disney Stops Issuing Stock Certificates in Blow to Fans

http://www.bloomberg.com/news/2013-1...w-to-fans.html



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Walt Disney Co. will stop issuing stock certificates on Oct. 16, delivering shares only in electronic form in a blow to would-be collectors of the documents featuring drawings of Bambi and Mickey Mouse.

When investors transfer shares, they will be reissued without certificates, Disney said today in a regulatory filing. That will shrink the supply for websites pitching the items as a way to interest children in investing.

Collectors have made Disney certificates the most popular at GiveAShare.com, a Gilbert, Arizona-based company that provides the documents in a frame for a fee. While many companies have eliminated paper shares, Disney’s have stayed top sellers, said Bob Kerstein, founder of Scripophily.com, a website for collectors.

“It’s such a PR tool for them,” Kerstein said. “Disney was the major holdout. I’m pretty surprised. Everybody’s in cost-cutting mode.”

Disney’s stock certificates feature founder Walt Disney surrounded by Dumbo, Donald Duck and other characters, according to the website Oneshare.com, which also offers framed shares for a fee.

“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. Collectors may request non-negotiable “certificates of acquisition,” Disney said.

“It’s not the same as a stock certificate, but it’s nice that Disney is recognizing fans want something,” Kerstein said.

Collector’s Items

Certificates dating back to the company’s initial public stock offering and hand-signed by Disney can fetch more than $25,000, Kerstein said. Companies have been doing away with them for years because of the expense, he said.

GiveAShare’s favorites list includes Disney, Harley-Davidson Inc. (HOG) and Facebook Inc. (FB) Because Facebook issues its stock electronically, GiveAShare provides a personalized replica, according to the site.

Disney’s change is likely to spark a last-minute rush among collectors and higher prices for existing certificates, according to Rick Roman, a co-founder of GiveAShare.

“Since we started, Disney has been the most popular,” Roman said in an interview. “It appeals to kids, they have one of the best-looking certificates and there’s some fanatical adults that want them as well. That ends up being a good way to teach kids about stocks.”

Disney, based in Burbank, California, fell 0.9 percent to $64 at the close in New York. The stock has gained 29 percent this year.
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Old 10-09-2013, 11:06 AM   #2
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I'm glad we have ours already.
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Old 10-09-2013, 11:32 AM   #3
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Need to get ours hung. Bummer we cannot get any more.
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Old 10-09-2013, 12:21 PM   #4
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Bummer. I always get this for baptism gifts.
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Old 10-09-2013, 12:39 PM   #5
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How can I turn some of my shares into Certificate form before this?!? Any suggestions? I logged onto the new broadridge site and cate find any place or form to get book shares turned into certificates!
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Old 10-15-2013, 02:27 PM   #6
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Stock Direct From Disney - Disney Investment Plan

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Originally Posted by HippieChickadee View Post
How can I turn some of my shares into Certificate form before this?!? Any suggestions? I logged onto the new broadridge site and cate find any place or form to get book shares turned into certificates!
I finally got through to Broadbridge. If you want to get your paper certificate and already have stock - you need to overnight a letter with your account #, name and address and clearly state that you want X amount of paper stock certificates sent. They told me the request needs to be in writing and you cannot just request it over the phone.

Here is their overnight address (different from their standard one)

Disney Investor Relations
c/o Broadridge Corporate Issuer Solutions
1155 Long Island Avenue
Edgewood, NY 11717

If you go to the post office right away, you can overnight for about 20.00. UPS was around 30. My receipt says it is guaranteed to get there by 3:00PM tomorrow (10/16). Oh yes, and we sent multiple requests in one overnight envelope!

For those who do not have any stock -you can open an account with 250.00 minimum and overnight to the same address. Here is the form for new participants. They will deduct a 10 dollar and 5 dollar fee from your initial investment as fees. $10 for your enrollment fee and $5 for your investment fee. I forgot to ask if the initial investment needs to be $250 after they take out the $15 in fees though.

https://stockplans.broadridge.com/Co...llmentForm.pdf

Hope this helps!
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Old 10-09-2013, 02:16 PM   #7
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One share.com. You can buy 1 share, in pristine condition, not folded or creased. Frames are great also.
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Old 10-09-2013, 03:10 PM   #8
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Originally Posted by KGK View Post
One share.com. You can buy 1 share, in pristine condition, not folded or creased. Frames are great also.
They only offer replicas now:
"Disney will no longer issue stock certificates. Your registration will be held electronically and OneShare will issue a Disney replica certificate in lieu."
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Old 10-09-2013, 03:37 PM   #9
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This makes no sense. At the Investor pavilion at the D23 Expo this year they were handing out surveys that asked what people would like to see on the next stock certificate that will be issued.

Oh well, I have mine.... I guess I'll hold on to it!
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Old 10-09-2013, 04:37 PM   #10
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Originally Posted by CalvaryMike View Post
They only offer replicas now:
"Disney will no longer issue stock certificates. Your registration will be held electronically and OneShare will issue a Disney replica certificate in lieu."
You have 7 days
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Old 10-09-2013, 05:26 PM   #11
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You have 7 days
How?? I already have stock in Disney but it's all book entries. How can I get some certificates from that?
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Old 10-09-2013, 08:44 PM   #12
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Quote:
Originally Posted by HippieChickadee View Post
How can I turn some of my shares into Certificate form before this?!? Any suggestions? I logged onto the new broadridge site and cate find any place or form to get book shares turned into certificates!
Quote:
Originally Posted by HippieChickadee View Post
How?? I already have stock in Disney but it's all book entries. How can I get some certificates from that?



Is it held through a broker (in which case the shares are likely in "street name"), and you'd have to instruct your broker to transfer the shares into your name. Or, do you hold them directly in your name? In which case you should instruct the transfer agent, Broadridge, to have your shares changed to certificate form. The transfer agent is the one who issues the certs.
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Old 10-09-2013, 08:18 PM   #13
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OneShare

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Originally Posted by OldsDr View Post
You have 7 days


OneShare told me it was impossible due to they take around 3 weeks to issue one....I bought it YESTERDAY, one day before the news!
Disney should at least give a month before dropping a bomb like this! :'(
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Old 10-30-2013, 08:57 PM   #14
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I arrived home today to find an envelope with the certificate for the shares I bought through Disney's Direct Investment Program on 10/10.

I had a dreadful day and it was an unexpected delight to come home to find proof that I own an (extraordinarily tiny) piece of the magic. I already had shares through my brokerage account but I've always thought of those as just an investment. These feel "real" and I'm so grateful to OP.

Hopefully the certificates for those who ordered through giveashare and oneshare will arrive soon!
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Old 11-15-2013, 08:03 AM   #15
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Help??

I realize I'm late to the party here - but only a couple days ago did someone give me the idea to buy a share of Disney stock for my goddaughter's 1st Christmas.

So they're not issuing authentic certificates anymore - and that sucks. But my question is did anyone get the 'replica' certificates? Do they still look legit? If I'm paying $170 I don't want the certificate to look chinky.

Also, I have no idea who's authentic to purchase from and who's not - Oneshare? Disneystock? Giveashare? None of these are scam websites, right?

I figured you lovely folk here would have some insight

Thanks!
Esther
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