This isn't necessarily bad, not by a long stretch. However, it is not good either.
To begin, a couple of dodgy things that have annoyed me over the last few months of having this:
1. The swivvel that moves the mic further away from the mic, side to side, up and down, etc (useful for recording instruments and vocals while seated - this broke off after only a few months of very VERY light use, thus rendering the stand more or less useless.
2. The height-adjusting twisty bit is quite loose. This means if you put almost any downward pressure on the mic the stand will slide down toward the ground. This is frustrating if you like to put youor hands on the mic in a live setting ie: video or gig.
3. Any sound or vibrations in the ground seem to travel up and get picked up in the mic - unsure if this is only this stand or if this is a universal issue though so maybe check for yourself.
Overall, this comes as part of a package deal and for what you PAY it is fine. It does the job. Just be careful, it's not strong.