I bought this 40 dB / 100W attenuator a couple of years ago from a Chinese Ebay seller, it was brand new. I used it to attenuate 100W transmitters before viewing on my spectrum analyzer. Yesterday I used it to attenuate a 100W 6 meter (51 MHz) ham transceiver I was repairing for a friend for very brief periods of time. But it wasn't working correctly, and I finally had to take it apart. The Majik Smoke smell was there, and I found a burned resistive element inside. That was bad enough, but to my horror I found some of the crappiest construction I've seen in a long time.
Take a look for yourself - and BEWARE of what you buy on Ebay!