In a word- "no".
There are literally a ton of better knives out there for the money.
I agree. I had one of the first M-16s and it was OK.. but I paid like $75 for it at True Value.. I actually bought it after being (almost) mugged.. another story..
The cool thing was that it was before I cared to care for a knife. I used it for anything and just washed it with the dishes every now and then. When it was dull as a butte rknife, I had it sharpened... until there was almost no sign of serrations. At the time, I thought it was an AWESOME knife.. THIS PLACE has shown me:
It had ridiculous blade play
The pivot came loose allll the time (learn to use loctite)
The blade steel was insufficient
The grind was tooo thick (my preference)
The nylon washers were junk. (stripping the knife revealed they were getting squished & asymmetrical in every way.)
& MOST importantly.. There are sooo many better knives in the same price range... and many USA made!
Everything else I could say would be my unarguably my preference.. I don't like guards/flippers on a POCKET knife.. they get in the way more than help with anything. I don't like folders in a belt sheath/pouch..
I would recommend:
Almost anything from Kershaw.. I like the "Blur" best @ $60
Spyderco Native.. don't let the FRN handles fool you.. they are made form one piece of FRN and are tough as nails w/ S30V steel @ $45
Benchmade Full Size Griptilian.. MANY varieties to choose from @ under $65. $58 for the mini grip. ..the axis lock is toooo much fun.. love it!
Its funny.. I would have rolled my eyes at the recommendation of the Spyderco Native before owning one. It's kinda ugly and plastic-y... I literally MADE myself buy one just because of the "Golden, Colorado, USA, Earth" tang stamp. Now I consider it to be one of the best knives ever made. The execution of the materials is just outstanding. Everyone should own one or more. It is definitely my highest recommended knife of the bunch.