It's laughably overpriced, especially with whatever the original logo or headstock face was, missing. However, it's probably a nice little guitar. I have a Premier Bantam which is basically the same thing, but with one DeArmond in the neck position and a sunburst finish. It's a great player with a huge neck.
The original bridges are usually poorly fitted wooden two piece affairs, but that's changed easily enough. I left the original on mine; I had a metal bridge added with new custom fitted wooden feet, but then it was too bright and sustaining for me. I went back to the kind of banjo-esque sound of the one it came with. It gives off nice harmonics, and the sound has a lot of personality.
I've seen these called Premier and Stewart, and maybe also Orpheum ? Usually the binding is in terrible shape, and/or the prices are a joke. But I wouldn't discourage anyone from picking up a clean one if they find it at a reasonable price. The Premier version usually comes with a great looking and well made art deco style tailpiece.