IIRC, the AutoTrain company was doing well until it tried to expand its service to the Midwest.
Auto-Train was the first stock I ever bought and a big $800 loss for a young investor. It really hurt. And seeing those dome cars being cut up for scrap brought additional pain.
But as far as the Midwest expansion goes, they really did do their homework and found that that area had the second highest amount of people driving their cars to Florida. It seemed like a no-brainer at the time.
BTW - Anyone remember this?