It is possible to earn life-changing wealth on the stock market.
Although it is not easy, if you can identify a great business and keep it for many years, you can make a fortune. Walt disney (NYSE: DIS) is one of those companies.
The now legendary entertainment powerhouse, which was originally called Disney Brothers Cartoon Studio, was founded in 1923 by brothers Walt and Roy Disney.
Disney’s first big hit came in 1928. The cartoon Willie steamboat starred Mickey Mouse, who would go on to become one of the most beloved characters of all time.
In the following years, Disney began to create animated feature films. In 1937, Disney’s White as snow became the highest grossing film of its time.
Almost two decades later, the business has grown into theme parks. Disneyland opened on July 17, 1955. The revolutionary amusement park would become incredibly popular with customers. Its success would ultimately put Disney on the path to becoming the vast global entertainment empire that it is today.
With the good performance of Disneyland, the company, known at the time as Walt Disney Productions, went public (IPO) on the New York Stock Exchange on November 12, 1957.
If you had invested $ 1,000 at the IPO price of the stock of $ 13.88, you would have received about 70 shares after commissions. Disney has since split its share eight times. Your 70 shares would now represent more than 28,000 shares. At the current Disney share price close to $ 141, your investment of $ 1,000 would be worth over $ 3.9 million today. You would also have received a large stream of cash dividends along the way.
Not bad for a little cartoon studio built by a mouse.
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