Pretty good value for money. However, the 3 star rating is because it is a European sized stand with a threaded adapter for US mic clips. This is incredibly annoying because the adapter comes loose with the microphone clip every time it is removed and you have to pry the adapter out of the clip with a screwdriver (turning the stand only works for a short time). Works great if you use the same mic/save the same clip, but personally I'd spend twice as much to avoid this problem.
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