My experience with Waterford is not exactly comparable, but was very positive, so I'll share it. I have a 1989 Paramount OS, built by Waterford. The seat tube broke in two just above the bottom bracket, after the Schwinn Bankruptcy. Even though Waterford had no warranty obligation, they replaced the tube, repainted the entire frame complete with original decals, with no charge to me. The only cost to me was $50 to repair a small dent on the right chain stay from a wreck in a race. The bike came back looking as good as new.