Not a Bullet! Mine is an SQ Tele.
The first MIJ Squiers ('82 JV xxxx serial) were 57/62 reissues, very well made and very collectible today. They are comparable to any MIA vintage reissue (if not better). Jimmy Vaughan and Jeff Healey both liked and used JV Squiers.
The late-'83-84 Squiers (SQ xxxx serial) were 70's reissues, also excellent, but SQ's had Japanese-made pickups. Less expensive than JV's but still sought-after and collectible today. And definitely better than real 70's Fenders that they copy... The headstock decal resembled the TV logo and is the best thing about them, because it says Squier, so you can still buy them for a reasonable price and get a killer Fender.
Here she is with my '75/77 J:
This one is not mine but it's identical and the picture is better: