> ...there's a significant number of companies in various niches of education earning great revenues selling to schools and districts. The spending trends in t

> ...there's a significant number of companies in various niches of education earning great revenues selling to schools and districts. The spending trends in the K-12 space are not positive[1], and while I'm sure there are companies in "various niches of education" with respectable revenue, the bankruptcies of companies like Cengage Learning[2] and School Specialty[3] are hard to ignore. There's a strong argument to be made that education as a market, particularly K-12 education, is in secular decline. [1] http://thejournal.com/articles/2013/09/12/report-most-states-spending-less-on-k-12-education.aspx http://thejournal.com/articles/2013/09/12/report-most-states... [2] http://thefutureofpublishing.com/2013/07/inside-the-cengage-bankruptcy/ http://thefutureofpublishing.com/2013/07/inside-the-cengage-... [3] http://www.bloomberg.com/news/2013-01-28/school-specialty-delta-education-file-for-bankruptcy.html http://www.bloomberg.com/news/2013-01-28/school-specialty-de...