It is good for what it is, a survival rifle. Mine, before I sold it, a Charter Arms AR7, was finicky with ammo, jammed occassionally, and was difficult to aim well with a funky little round hole rear sight. Incidentally, after assembly the stock won't store anything unless you want to take out the spacers meant to hold the receiver, barrel, and magazine (the Henry might hold two mags. vs. one for the CA version, I think...)
With all that said I'd buy another for under 100 bucks or so. It is pretty cool and is quite well balanced when assembled.