I'm sorry to hear that, but yes it is rather on the pricey side. I was talking with Tez3 just last year regarding how I've been looking for lower-cost alternatives because my wallet didn't care much for KFM.
I myself have mixed feelings about the Pensador. I tried it again not too long ago at my new Sambo school, and I was punished with a terrific kick to my side. Still, it's a neat little hack great for catching typical punches. I suspect that's what it's for anyway - designed to counter roundhouse punches, "haymakers" and punches swinging for the hills.