Want to buy Amtrak stock? You can’t.CSX CorporationBATS:CSXStratKing_24Amtrak is federally owned, meaning there is no ticker symbol and no IPO. But… you can invest in the companies that own the tracks Amtrak pays rent to use. Here it the “Backdoor Amtrak” strategy. The Reality Check: Amtrak owns very little track (mostly just the Northeast Corridor). For the rest of the US, they are essentially tenants. They pay “Host Railroads” to run their lines. If you want exposure to American rail, you buy the landlords, not the tenant. The Eastern Giant (CSX) dominates the rail network east of the Mississippi (along with NSC). Amtrak relies heavily on their infrastructure to connect major hubs like New York, Florida, and Chicago. Strong moats. Old money.