Upon reready my post I find that it came out a bit more negatively than I had intended it to, especially with regards to Swordmasters company (note to self, do not post before I have had my morning coffee). I should have made it a bit more clear that I was speaking more towards the club equipment level than to the higher end stuff that he tends to carry. SM does offer very competitive prices on Vniti and Leon paul blades and they are the only US source I know of for the Estoc equipment, which from what I have seen/heard is very much competitive with Uhlmann/Allstar/Leon Paul's gear at very comparable prices.
So my last post still stands IMHO but make the mental ammendment of "in general relating to club/entry level gear".

