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I was in a shop the other day and tried Walden D-550 (budget solid spruce+laminated mahagony). The guitar was very nice and I believe if I had guitar tech finish the frets and change saddle for a bone one, for the price this guitar would be excellent.

I also did some web research on Waldens and I haven't seen anything negative. Considering the price is cca 80-90% of Yamaha FGs, they seem to be of comparable quality if not better.

I have Yamaha FG730S (solid spruce+lam.rosewood) and if I happen to buy a budget mahagony guitar, Walden's D550 is a candidate. I also like its matte finish, which Yamaha FG only has on 700MS model which is more expensive than Walden.

I suggest we have this thread as a general Walden guitar thread.
Have good time...