Here's Why Apple Just Said Its Stock Should Only Be Worth $0.00001 Per Share (AAPL)

Here's an interesting tidbit from Apple's preliminary proxy statement: Apple is asking shareholders, for the first time, to assign a value to its shares. What? Don't investors assign a value to Apple's shares every second it trades? Well, yes and no.  Apple shares today have no par value—an archaic accounting concept that assigns a nominal value to shares. It dates back to the old days when stock was issued on paper certificates, on which the par value would be printed. In theory, in s...