I bought this stand to help keep my growing "family" of guitars safe in my studio. For that purpose it is absolutely perfect! It is very stable and well designed. It lacks safety straps at the top, but since I do not anticipate herds of wild animals charging through my studio this is not a problem. Since it folds neatly and easily (and since 5 guitars is more than enough for my gigging needs), I also would not hesitate to take this to live shows (which, I should mention, are only rarely attended by charging herds of wild animals). If there is a negative to this guitar stand, it is one shared by the majority of its peers: it is not deemed "safe" for guitars with Nitro finishes.
Seriously - it's a guitar stand! It works quite well, is attractive, and is reasonably priced. Unless you have a number of unruly guitars that require serious restraint or regularly store your guitars in a mosh pit, it will do a great job for you.
And, of course, Thomann's service is typically superlative.