I don't think the cover seems cheaply made, nor have I had any trouble with the Fire falling over (I've used the stand only in the landscape orientation). I like the sleep/wake function built into the cover, the leather looks good, it adds very little weight to the Fire, there's no chemical smell, and the fit is snug without resorting to the use of corner straps or having to slip the Fire into a holder that covers the bezel. I like the cover so much I'm thinking of buying a second one in another color. 

Question: How elastic is this band?
Answer: the cover seems cheaply made