I paid about $150 for a LED Surefire about 7 years ago. All of a sudden the light stopped working so I called Surefire to buy a new bezel unit. The guy said to send it in and less than a week later a brand new one showed up at my door.
No questions asked, he didn't even want to know how long I'd had it.
Tough light, it had been through countless attics and crawlspaces, been covered in sand, dirt and mud, submersed in water and dropped by my clumsy meat mitts probably a few dozen times over the years.
But what really sold me was the customer service. Its not often someone from the company talks you out of spending money
I know that's 3 times your price range, but I guess it just depends on how often you'll use it. I use mine everyday at work and beat the crap out of it. It goes through the special (expensive) 123A batteries pretty fast, but I do love me the 80 lumen setting, especially in a pitch black crawlspace.
I paid about $40 for a single AAA Fenix for my keychain a couple years ago and its already showing signs that the electronics are failing. Other than that it has served me well. Three light settings from cat burglar dim to regular light to "how the hell does a single triple AAA put out that much light?".
So, depending on use, you might save money in the long run buying a higher quality light or one with a great warranty.
For minimal use though, Fenix seems pretty decent, especially considering the price.