Nothing to write home about - pretty much the equivalent of a late '70s Raleigh Super Course bearing the EM name. Anything over $200 is more then adequate to make him eligible for Numbskull Of The Day.
Oh, and if he's bugging you to buy it at his price to boot, tell him to shut up and put it on eBay, where he'll run into many other people who appreciate these bikes...and do not nessesarly appreciate a-hole pricing.
-Kurt
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