With it's recent expansion of the Waterloo brand, Collings is apparently trying to cover "budget brand" guitars from different geographical regions of the US in that fertile period between 1920 and the early-1940s. The first Waterloo guitars were essentially reissues of Gibson's Kalamazoo brand models of the 1930s. Next came some similar Waterloo guitars that were like the Kel Kroydon brand Gibsons. Next came larger Waterloo "Jumbo King" models patterned after Recording King guitars sold by Montgomery Ward made by Regal, a nod to the Chicago "school" of guitarmaking. Never content, Collings has kept the Waterloo brand moving and this one is patterned after a Stella guitar made in New Jersey in the 1920s, when the Stella brand instruments were made by Oscar Schmidt. It's a small 12-fret, just 14 inches wide in the lower bout (so slightly larger than a Martin size 0). The back and sides are solid North American cherry, with a solid spruce top and mahogany neck. The ebony pyramid bridge, at first glance, looks like a Martin bridge but if you look more closely you'll see the difference in the tips. This particular variation features fancy marquetry purfling and ornate inlays. It has a hand rubbed varnish finish. It's ladder braced, but doesn't sound like it. Nor does it sound like a small guitar. Great guitar for songwriting since it's so small it tucks under your arm, but really it's a great guitar for any situation where small size with a big sound is suitable. In other words, just about anytime!