In a word, No. Not good at all. I suggest the following if money is a consideration
1. Makarov of any nationality, preferably East German if you can find one, but any of the other countries that made it will work just as well, in .380 or the original 9x18mm can be had for about $99-$150
2. PA-63, Closer to the Walther PP/PPK design than the Makarov, also chambered in 9x18 or .380. Can be had for $89-$125
3. Ruger P series, may be large and bulky but 100% reliable, can be had for $225-$350
4. FEG PJK-9HP, this is a Hungarian copy of the Browning Hi Power, get one that says imported by KBI, as these are the ones that are 100% FN/Browning compatible when it comes to parts and accessories, I can attest to these personally, as I own one, no complaints. Can be had for about $225-$275
5. S&W Model 10, I know this is a revolver, but the price and reliablity makes it worth mention, chambered in .38 Special, a time tested weapon, can be had for $125-$250