I don't think that the back and sides are solid according the the company specs.
China is putting out some great sounding guitars for very little money.
I see that you can buy an all solid wood Silver Creek [Recording King]
through Musicians Friend for between $100.00 and $200.00 depending on the stupid deal of the day.
I have an OM sized Blueridge BR-63 that amazes me, every time I play it.
The GAD Guilds are also very nice guitars which rumor has it are made in the same place as are the Blueridges.