Black & Decker Spacemaker EC70 Can Opener with Bottle and Bag Opener

I have owned a Presto Above All (under cabinet mount) can opener for 15 years. It has performed extremely well - used mostly on weekends. However, it's seen its best days, and I've been searching for a replacement. I have seen several Black & Decker Spacemaker can openers that are listed for ridiculous amounts of money. This one is listed for $279.99. Are you kidding me? Who would pay that for a can opener?  Black & Decker Spacemaker EC70 Can Opener with Bottle and Bag Opener I had found another Black & Decker Spacemaker for under $40 and ordered it. When looking at trying to mount it under the cabinet, it would have had to stick out well beyond the front cabinet for the lever to have been lifted up to place the can for opening. Additionally, it has a cover that looks nice for covering up the opener itself, but it doesn't swing down far enough out of the way to allow for even a 10 oz. can much less a large can.  Black & Decker CO100B Spacemaker Traditional Multi-Purpose Can Opener, Black