I think Lanikai's spruce ukuleles are probably the best value ukes they offer. The top is solid spruce (unlike most ukes in this price range which are laminated and therefore sound duller). This gives it a bright, trebley sound - spruce is more commonly used to make mandolins. They've kept the price down by using laminated mahogany for the back and sides - the back and sides have relatively little effect on the tone of the instrument.

On eBay

LANIKAI LQA T TENOR UKULELE QUILTED ASH WITH SOILD SPRUCE TOP MAHOGANY BINDING    US $225.00

LANIKAI LQA TCA A E CUTAWAY TENOR UKULELE QUILTED ASH W SOLID SPRUCE TOP    US $255.00

LANIKAI O 6E 6 STRING TENOR ACOUSTIC ELECTRIC UKULELE SOILD SPRUCE TOP OVANGKOL    US $255.00

Specifications

Size: All sizes.
Construction: Solid sitka spruce top. Laminated mahogany back and sides.
Fretboard: Rosewood
Tuners: Geared, closed, chrome.