When hiking and backpacking I always carry a multi-tool. However when you just need to quickly cut some cord or spread peanut butter on a bagel a small sheath knife is much quicker and convenient. Which is why I recently purchased the Gerber Epic. On first inspection it appears to be made well for the money. MSRP is $55. However you can buy it all day long for less than $30. It's a small knife with the blade being just under 3.5 inches and the overall length of about 7.25 inches. That ratio makes the knife heavy at the handle, more on that a little later.
The sheath is made from (I think glass impregnated) plastic. It's designed with a positive locking function to the knife. You will probably have to hold the sheath from moving when pushing the knife hard enough to "lock". This is likely an ideal knife if you're kayaking or rafting as it won't get water logged like leather or cloth and there is a drain hole at the tip. The size, weight sheath make this ideal for hanging the knife upside down from a PFD or neck lanyard. It's not ideal for wearing at the hip unless it's on a heavy thick belt that will stand up to the pressure to push into he sheath until it locks into place. Also, because the knife is handle heavy it will flop around on your hip belt unless its a thick belt. I personally will put it on my pack strap or hang it from a lanyard around my neck. Will try both and see what works best for me.Out of the box the knife wasn't dull but not particularly sharp either. I did sharpen and hone it to a much keener edge. You will likely want a sharper blade as well. I'm going out this weekend and will update this post soon.