ペン・セントラル鉄道
After reading about the bankruptcy of the Penn Central Transportation Company, he came up with the idea of publishing a newsletter with details about that firm's demise. He later added details regarding other major bankruptcy cases and started other newsletters about specific issues, such as asbestos litigation and Iranian assets after the Shah was deposed, charging more than $1,000 per year for his bankruptcy publication. He published some 30 legal journals and other publications reaching bankers, investors and lawyers. Andrews sold the company in 1985.