One Share...Disney Stock Question...

[Soupermom]

I've seen on Mousesavers how that you can get one share of Disney Stock and save $10. When visiting the site, it seemed you could only get the one share if it was framed. Is this true? I'd be happy just to have the stock without paying the $40 for the frame! TIA

 

[FoodLover]

No, it does not have to be framed. The site "defaults" to a framed version but you can change all the options. The code on my site will still work without a frame.

Mary
MouseSavers.com

 

[Soupermom]

Thanks for the quick reply Mary!!!!!!!!!!!!!!

Also, can you tell me...is the discount only good for this month? I'm going back to work (teaching) in September and would like to buy some stock then, but I hate to miss out on a deal.

 

[FoodLover]

Thanks for the quick reply Mary!!!!!!!!!!!!!!

Also, can you tell me...is the discount only good for this month? I'm going back to work (teaching) in September and would like to buy some stock then, but I hate to miss out on a deal.

They renew the discount code month to month, so I can't say for sure. However, they've kept it going for quite a long time, so the chances are good that it will be available in September.

Mary

 

[gwcollins71]

This past year, hubby and i have gotten the disney stock for all our neices and nephews. Even when the code wasn't listed on mousesavers, we've put it in and gotten the discount anyway.

Good luck! The gift has been a hit from the infants to the teens in our family. Now we are getting ready to get it for our newborn too.

Gretchen

 

[Cheshire Figment]

What you can do, which will save money in the long run, is purchase several shares at one time through a stockbroker and pay the commission. Then you can open a Dividend Reinvestment Program through Disney; they only charge a $1.00 fee for each additional purchase.

A key to owning several shares is you can contact the transfer agent to not only transfer one share at a time to another person, but to issue the certificate. These transfers and certificate issues are done at no charge to you.

The people at "One Share of Stock" or similar companies do the same thing so they are not getting hit with a brokerage commission each time. Don't forget that the stock is currently about $25 per share; how much are they charging for the one share?

 

[jarw00]

Cheshire, "One Share" charges $39 for transfer. You are saying you can go through a regular agent and get the same results w/o paying the $39? Please explain for a layman how to go about this please. The only stock I have at this point is 401k and I would be intested in purchasing several disney stocks and getting one certificate for them.

 

[drakethib]

What you can do, which will save money in the long run, is purchase several shares at one time through a stockbroker and pay the commission. Then you can open a Dividend Reinvestment Program through Disney; they only charge a $1.00 fee for each additional purchase.

A key to owning several shares is you can contact the transfer agent to not only transfer one share at a time to another person, but to issue the certificate. These transfers and certificate issues are done at no charge to you.

The people at "One Share of Stock" or similar companies do the same thing so they are not getting hit with a brokerage commission each time. Don't forget that the stock is currently about $25 per share; how much are they charging for the one share?

How would a person go about doing this?

USAA handles my investments and I really know very little about the " Dividend Reinvestment Program through Disney"

This is great info.

Thanks

 

[dcfromva]

From the Disney Investor Relations page:
"If you currently own fewer than 10 shares of Disney common stock, or do not currently own any shares of Disney common stock at all, you may join the Plan by completing an enrollment form and either making an initial cash investment of at least $1,000 or authorizing monthly deductions of at least $100 from a qualified bank account for the purchase of Disney common stock.

Participation in the Plan is subject to the payment of certain fees in connection with enrollment and purchase and sale of shares."
(Currently, there is a $10.00 enrollment fee to set up the Direct Purchase plan. Plus a $5.00 investment fee in the case of an initial purchase of stock. Additional purchases also include an investment fee: $5.00 for check or money order or $1.00 for automatic deductions. Plus, .03 per share brokerage fee for the purchase of shares)

Here is a link to Disney's Direct Purchase Plan where you can obtain a complete
Prospectus



If you are only going to buy one share, then it is probably more cost effective (and way less aggrevation) to go through the oneshare store.

If you are going to do several transfers, then it might be worthwhile to purchase (at least) 10 shares through a broker (make sure the broker issues your purchase in certificate form for which there may be an additional fee depending on your brokerage) and then pay the $10.00 fee to set up the Direct purchase plan with Disney. (Another thing worth noting is you should also check with your tax advisor because when you make a transfer, I believe it becomes a taxable event for you. If it is a relatively short time frame, the effect is probably negligable especially against the backdrop of the costs to acquire the stock... The value of the stock at the time of transfer should be noted for the recepient because that becomes the basis if and when the stock is sold in the future. )

If you plan to build your Disney stock portfolio, the direct purchase plan is a relatively inexpensive way of dollar cost averaging your purchase.

Here is the number for new investors for the Disney plan: 1-800 948-2222


Good luck to you,
-DC