A few weeks ago, I found this at my local Guitar Center for $50. I also saw a small, pink Vox amp that was sold on the same day; it looked like a small child had quit his/her hobby.
This particular guitar had a set of cheap trapezoid tuners on them, which are notoriously poorly built. I had some spare Fender vintage-style gold tuners lying around, so I immediately swapped them out. True to their reputation, a few of the old tuners fell apart immediately after I removed them.
I’m also thinking of replacing the wiring/pickups, but honestly they already sound pretty good. Here’s a short clip: