This is super cheap, and it works great. However, the nut is definitely not my favorite. If you're looking for cheap boom stands, but great quality, I recommend it's brother, Millenium CB-801 Pro Series.
The nut takes long to screw/unscrew and it doesn't feel as good or comfortable to put heavier cymbals on, I've only used 16" crash at maximum on this.
And I were looking for adjustability etc one day and the whole top fell apart. Easy to put together again, but not a good look in terms of quality.
STILL, It's useful and serves a good use for it's price. I don't regret buying it, but I'd recommend not going with the cheapest stands if you're looking for new gear, or buying as a present for a fellow drummer you know.