Gotta say, this card is getting very appealing as a key first weapon in a Leo Anderson deck.
Leo starts with a good Fight value of 4 and will likely have at least one Beat Cop in his deck and hopefully out early, so that's Fight 5. Add a Guard Dog to that for a missed swing and you're doing damage anyway...and have a Survival Knife in the other hand and you're really starting to rock.
With a lot of enemies having a Fight of 2 or 3, even Leo and one Cop will give him a 5 vs. 3 test, and that's easily upped by getting Lone Wolf going with Keen Eye or Physical Training.
And when you get into big bosses, many have Retaliate anyway.
This is an underrated card....cheap as heck and a guaranteed 2 Damage with no ammo drawbacks.