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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

119.0. "Investing In EuroDisney" by WFOV12::CERVONE () Fri Mar 20 1992 15:13

    
    
    What do you all think of investing in EuroDisney when it becomes public
    I'm hearing that its bigger and better than anything else ever done
    before from Disney.
    
    I also hear that the stock will be public at $28.00 per share. I'm
    talking about long term here. March issue of Money mag. had a good
    write up on it.
    
    Frank
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119.1Hmm, just going public ? STAR::PARKETrue Engineers Combat ObfuscationFri Mar 20 1992 17:4913
    THis is really strange, as I have owned Euro Disney stock for the last
    two years.  There is currently one NASDAQ market maker and it is
    reported only on the Paris exchange.
    
    I haven't heard of any American shares other than possibly more
    available ADRs traded on one of the exchanges.
    
    Are you possibly thinking of the 4/1 split of Walt Disney (ownd 49% of
    Eurodisneyland) for stockholders of record sometime in April ?  It is
    now trading in the 150's (When last I checked ) whcich would bring it
    down to about $40 after the split.
    
              
119.2Right you are!WFOV12::CERVONEMon Mar 23 1992 13:157
    OOPS,
    
    you are right I made a boo boo!
    
    Anyhow what about EuroDisney it sounds pretty good for the long hawl.
    
    Frank
119.3Ok, now that that is clear }8-)}STAR::PARKETrue Engineers Combat ObfuscationMon Mar 23 1992 14:1219
Two ways can be used to play this.

	1) Buy Disney now (or in this time frame) and rid it up (probably).
	   Supposed history is that it goes up after each park opened, at
	   least for a while.  Also, it is going to split, for record holders
	   sometime in April  (not sure of the date) 4 for 1.

	2) Buy EuroDisney (the spread is pretty steep though) before the park 
	   opens and there are any earnings.  I have already doubled my money
	   (before taxes) in the last 2 years holding the shares.  Probably
	   the park will do well, given the accessibility to the rest of Europe,
	   even in the current echonomies "just cause it's new".


These are plays I have made, but it's up to you to determine if either or both
would be appropriate for you.


Bill
119.4NYSE or NASDAQWFOV12::CERVONEMon Mar 23 1992 15:1010
    Thanks Bill
    
    And now for a dumb question or two, now mind you I havent looked yet.
    
    Is EuroDisney on the NYSE, or NASDAQ, market?
    
    And are there any benies to owning the EuroDisney stock as are with the
    Disney stock. IE: Discounts etc.
    
    Frank
119.5Well, you get to go to FranceSTAR::PARKETrue Engineers Combat ObfuscationMon Mar 23 1992 17:3011
Bennies:  I suppose you could try to charge off a visit to Paris to
	"check your investment" }8-)}  Otherwise I don't know of any
	 discounts, etc, associated with owning stock.  The park is
	 not opening until April 10th.

There is (according to my broker) one market maker in the states for Eurodisney.
It is not listed in the WSJ or Barrons anywhere EXCEPT the Foreign (Paris
exchange) listing. It is not in the weekly non NASDAQ stocks.  I assume that
it will have active ADRs sometime in the not too far distant future given the
probable interest after the park opens.

119.6DECEAT::SHAHMon Mar 23 1992 21:036
    The 4-for-1 split of the Disney is listed on NYSE as DIS, currently
    around ~150 or so. The Euro Disney is pnly on Paris.
    
    Does anypne know if Disney pays dividend and how much ?
    
    /Alkesh
119.7Discounts/Disney stockWFOV12::CERVONETue Mar 24 1992 20:145
    I've heard from some owners of Disney stock that being a share holder
    entitles you to discounts on vacation packages to Disney World or
    Disney Land of about 40% off the top.
    
    Frank
119.8KA1GFN::HORTONKen Horton, KA1GFNMon Apr 27 1992 12:4510
   There is a short article in the May issue of Money magazine which lists the
benefits which go along with owning Disney stock.

   Also mentioned in the article is some additional steps which must be taken
in the event that you have the stock listed in the brokers name. This amount to
having to send in a copy of you December statement and membership cards are
usually sent out during February of each year.


		/Ken
119.9For info on Disney stock...FREEBE::NEARYBob NearyFri May 08 1992 16:442
    FYI, there is a Disney notes file, and there are several notes
    regarding Eurodisney and its stock (CLOSET::DISNEY... dir/key=stock)