In a filing earlier this month, The Walt Disney Co. Beyond that date, "all shares of stock of the Company would be issued, recorded and transferred solely in uncertificated book entry form. Certificates for shares already issued will still be recognized as legitimate but once transferred, "reissued shares would be only in uncertificated form ," the company said. But the death of paper is inevitable, he said, as "everyone is trying to control costs.
Facebook chose to skip paper certificates altogether, but Kerstein said there are still some interesting ones from tech companies such as Apple and Yahoo. Starbucks , Harley-Davidson and Manchester United still provide physical proof you own shares, and Kerstein said some unique start-ups use them as a marketing tool of sorts—"Medical Marijuana, on hemp paper.
Could the end of Disney's paper certificates make the existing ones worth more than face value? Kerstein said it's hard to say. You can't trade live securities without a license, but some stock certificates remain valuable long after the shares themselves no longer exist.
How do you get a hard copy of a stock certificate?
He's holding out hope that Twitter could issue paper certificates, though the odds may be against him. He said it's possible that Disney will issue a piece of paper acknowledging stock ownership, but it won't be a physical security and will cost less because "it doesn't need to be tracked as closely.
Of course, you still have another week before Disney stock certificates disappear like Cinderella's coach. Asia Europe Stocks Commodities Currencies Bonds Funds ETFs Investing Trading Nation Trader Talk Financial Advisors Personal Finance Etf Street Portfolio Watchlist Stock Screener Fund Screener Tech Mobile Social Media Enterprise Gaming Cybersecurity Tech Guide Make It Entrepreneurs Leadership Careers Money Specials Shows Video Top Video Latest Video U.
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