COURIER CORP. -- Textbook Example

That demand comes from a volatile education market. The higher education business has been brisk for Courier, fueling its eight percent growth over 2002. On the other hand, the elementary-high school (el-hi) segment—dependent upon state funding—has been somewhat depressed, according to Peter Tobin, executive vice president. Even with the federal push from President Bush's "No Child Left Behind Act," states find themselves running on a deficit. Consequently, large adoption states such as California, Texas and Florida are delaying their decisions to purchase new educational materials.