A truing stand was the last piece of bike repair equipment I needed to avoid taking my bike to the LBS for service.
I've had an issue this summer with a few broken spokes, and at $30ea for spoke, labor and truing - it made sense to get a stand, and fast.
This was the most reasonably priced stand I could find, and reviews were positive.
In short- it does as advertised - it allows you to true a bicycle wheel. Quality is fine and its quite functional.
I don't build wheels, so I can't comment if it would be a good choice for that or not. But if truing your wheels and being self-sufficient is your goal - this is a great stand. | 
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