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To: Simon who wrote (16063)	7/27/1998 5:23:00 AM
From: John Hunt	Read Replies (1) of 18056

Mr. Rennert builds his dream home stocksite.com << And beyond the details of his house -- which at 100,000 square feet will carry a $100 million price tag and boast a parking garage large enough for 100 cars -- we have yet further evidence of what Mr. Rennert is all about: the above-referenced "exchange offer" filing with the SEC for one of his companies: Lodestar Holdings Inc. Through that document and similar filings for some of his other companies, it appears the money to pay for Ira's grand lifestyle is coming from simply bleeding his businesses dry with junk bonds -- more than $500 million of which have been issued by his businesses this year alone, according to a recent tally by the Wall Street Journal. >> House built on a weak foundation, sometimes stands. < g > John

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