Just pointing out the truth... this stock has not performed. And if you consider this a defensive play, I'd hate to see what you consider high risk. With one film every year to year and a half, all Pixar needs is one underperforming film and this stock will hit the teens overnight -- god forbid they should produce a bomb, and this stock will hit single digits. Maybe that is why Pixar stock has underperformed so badly. But the reality is that Steve Jobs has done nothing to promote this company -- his focus seems to be on Apple. The stock is not promoted... the technology has not been leveraged, and the company pays its employees with stock, so all the appreciation is being erased by dilution. I love the company's product, but Steve Jobs is starting to remind me of Michael Eisner... a self-obsessed CEO who considers shareholders second class citizens.
And by the way... I'll sell when I want to... thank you very much.