Comments on: RIP Pixar

By: Marcela

Marcela — Mon, 11 Jan 2010 18:36:04 +0000

Hi Sean,

We’re, of course, sorry you feel that way. The world of stock, bankruptcies, mergers, and acquisitions can be a volatile and unpredictable place, so it’s hard to say what will happen to companies down the line. My only input is to check out some of the other suggestions in this thread. Ultimately, the choice of keeping the certificate, trading it in for new Disney shares, or, doing as Dean proposes, and trying to fight for both, is completely up to you. That’s just one aspect of the beauty of ownership .

- Marcela

By: Sean

Sean — Thu, 07 Jan 2010 03:49:44 +0000

I have a Pixar stock from oneshare.com that I bought in 2006. I got a letter that they will turn over the share of stock to the state too. I called the Disney relation dept and they told me that I have to surrender the stock (meaning I can’t keep it) to switch over to the Disney one or let it go unclaimed to the state and go thru the hassle with the state. This sucks. If I would of known, I would never bought this from oneshare.com.

By: Claudia

Claudia — Tue, 29 Dec 2009 20:10:41 +0000

When I was 16, I said to my dad I wanted to invest in Pixar animation studios. It was the first company I had ever invested in and I should have put more money into it, but all I had was $250. I got rid of it in late 2007 and ended up making $1500 on it, so it wasn’t bad, but still, when I think that I could have invested my entire savings account (about $15K) in it, I kick myself.

By: Juliana

Juliana — Fri, 23 Oct 2009 20:35:07 +0000

Just watched UP, left the movie theatre completely disappointed, wrote “R.I.P. Pixar” on Google and ended here.
My sympathies for all of us!

By: Dean

Dean — Wed, 23 Sep 2009 21:00:15 +0000

Jesse, call Disney’s investor relations department. They will send you paperwork to complete which will allow you to keep the Pixar certificates but make you holder of record of the Disney shares you should have recieved from the merger.

I too refused to relenquish my paper certificate.

By: Marcela

Marcela — Thu, 06 Aug 2009 21:48:52 +0000

Maybe someone who’s had a similar experience can help out Jesse?

By: Jesse

Jesse — Thu, 09 Jul 2009 14:45:01 +0000

I am sure glad I found this site. I realize that this might be a legal question but don’t worry I won’t hold anyone accountable, I’m just looking for some quick advice. I bought two shares of Pixar stock for my two youngest children back in 2006, right before the purchase, framed and with the plaque. And for the last couple of years I’ve been getting the yearly form notifications to turn in my 2 shares for Disney. I Don’t wish to and for obvious reasons. Now recently I’ve gotten a letter stating that they will turn over the shares to the State of California because I’ve abandoned them. I don’t truly expect that the two shares will ever be worth a fortune, either as a collectors item with regards to the paper certificates or holding on to the shares in Disney. However, I don’t want to simply let the State confiscate my property. What exactly are my options?

By: Bob Meihaus

Bob Meihaus — Fri, 05 Jun 2009 22:06:32 +0000

Carey:
I don’t have a stock certificate in Pixar, but wish I did. I would like to add to Marcela’s comments. I have had several companies to delist their stock because of some form of reorganization over the years. If you are referencing ‘holding-on’ to one share, by all means do it. I think the paper certificate will increase in value as times passes, much like any other rare item. The ‘new’ company will send you all kinds of correspondence asking that you submit the certificate to them. Like Marcela indicated, in all probability, you will not get a paper certificate in the new company, rather it will be ownership in electronic form. I have shares in several companies that I won’t give up because of personal connections. I have a paper certificate in a company with whom I was employeed that was acquired in 1989. There are a lot of former employees, who would love to have this piece of history.

By: Marcela

Marcela — Wed, 03 Jun 2009 01:16:27 +0000

Carey: frequently in the case of mergers (such as when Disney acquired Pixar in 2006), the company requests old certificates in order to replace them with a share (or shares) in the new company. These new shares are usually issued sans certificate. Plus, when we’re referring to a single share of stock, it’s seldom purchased as a monetary investment. It often indicates a personal connection with the company symbolized by the (often unique and ornate) certificate. A certificate-less share in a new company that may or may not hold the same connection just wouldn’t compare. But maybe one of the Pixar shareholders could speak to this better than I can

By: Carey

Carey — Tue, 02 Jun 2009 04:34:15 +0000

I’m new to stock investing (I’m a real estate investor) but I don’t understand the whole surrendering the certificate thing.

Can someone explain a) Why Disney would ask you to surrender your pixar certificate?

and b) Why you wouldn’t want to surrender it?

Thanks.

Carey