The Lakland, at least in my limited experience (playing them in shops) punches well above it's weight in terms of price. I can't think of another fiver in that price range that feels as solid or plays as well. There are some very good instruments available in that price range, but the Lakland outclasses all that I've played, including some that I'm a big fan of (such as the Tribute L2500, the nicer Ibbys, MTD imports and the Sterling By Musicman stuff). I can't walk past a music store - I just can't do it - and every time I pick up a 55-01 I'm completely blown away at how good it is for the price.
