Stock Question

From: Jacqueline.D.Richardson@Hitchcock.ORG (Jacqueline D. Richardson)
Subject: Stock Question
Date: 01 Feb 99 13:57:40 EST

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I have started watching a few stocks and am trying to learn about the stock
market with regard to individual stocks as opposed to mutual funds.  I was just
reading a press release on a stock I am watching and was wondering if someone
could tell me what it means and what impact it may have or has on the stock.


"Asia Properties, Inc announced today that the Company has retired 1.4 million
shares of its founders' stock into  API's treasury.


The Company has 5,850,600 shares outstanding, following the retirement of the
founders' shares.  This represents an accretion of 19.30 percent for existing
shareholders."


What does it mean when they retire shares of founders' stock into its treasury?


What does an "accretion of 19.30%"  mean and how does it affect the stock
people buy?


Again, I'm new to following individual stocks and am trying to educate myself. 
Thanks a lot for your help and patience.

j


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