The short answer? Yes.

As Disney's (NYSE: DIS) board allegedly gathered to consider a buyout offer for Pixar(Nasdaq: PIXR) yesterday, the one point that investors can't seem to agree on is whether the speculated price for the computer animation powerhouse -- about $7 billion -- is fair.
It is -- believe me -- but only after you factor in what many seem to be forgetting. For starters, Pixar's balance sheet is flush with just over $1 billion in cash. So a Disney proposal would only cost the family entertainment giant closer to $6 billion if it were an all-cash deal (or help beef up Disney's balance sheet considerably if it was an all-stock deal).