I disagree - it all depends on what it brings. The Cutts doesn't bother me - it was standard equipment on most skeet guns of that era, and I can tell you from extensive experience with them, they grind claybirds! And the barrel length is about right for a Cutts equipped gun - it's a whole lot more useful than a Full choke barrel on a 37S. The butt stock wood you can find. The biggest sin is the holes in the receiver - nothing to be done there! Still, the gun is sound and would undoubtedly still do the job on the skeet field. There's something very satisfying about shooting a good score with an ancient skeet gun, surrounded by prima donnas with Berettas, Cesar Guerinis, Krieghoffs, etc with adjustable combs and ribs and too many choke tubes...
