I bought this for my toddler who is getting into the drums and constantly puts the sticks down somewhere randomly after having a bash. For the price you cannot really complain, it is a quite robust clip with a screw behind and provides a good positive grip to the holding surface.
The unit holds two sticks, one in each tube, they are deep enough for them not to fall out if the drum kit is bumped. Since fixing this to my son's e-drums we never have a problem of lost sticks so money well spent.
All in all, highly recommended.