Finding Value in Roy Disney's Shamrock Holdings

Roy E. Disney, who died yesterday at the age of 79, may be best remembered as the nephew of Walt Disney. As a youngster, Roy grew up often playing the role of a test audience for such Disney (DIS) hits as Pinocchio and other early Disney animation movies. He lived and breathed the animation business from childhood on, successfully bringing back a revival of the movie studio's animation division in the 1980s with hits such as The Little Mermaid. But there was another side to Roy Disney that is, perhaps, lesser known: Disney was one of the country's premier activist investors.
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