The stand is okay, but it doesn't inspire much confidence. The joints that hold it together are wobbly, and I can tell that if any significant pressure were applied, they'd bend.
It works fine as long as nothing unexpected happens. Keep this stand against a wall, out of the way, and always be gentle when you put the guitar in or take it out.
I did expect higher quality when I bought it, since it's Fender and the price is higher than other cheap stands.