Hi Taurus,
Yep, I have one of those also (Cold Steel Utility Kukri Machete, the smaller version). I have a knife problem and I admit that freely.
I only used it a few times last fall when I kept it in the drivers door pocket of my truck. I often get to the end of a old road and have to cut a turn-around into the roadside alders/birch/poplar. I used the Kukri a few times to do this and was impressed with it even though it was only factory sharp (not very). I brought it into the house to sharpen it, put it somewhere and have not seen it since.
These cheap Kukri type machetes get a bad review on Knife Forums compaired to real Kukri's, but for the $25.00 (at LeBarons) it cost me it does just find. I do find the plastic handle a little rough and intend to smooth it down some.
The tool I usually have in the truck to cut back brush is a Sandvik Safety Brush Axe (may now be made by Bahco or Wetterlings). This has a thin blade mounted in a D-frame on a 28" handle. Because it is longer you can get more of a swing with it and take down trees up to about 6" dia. Useless for splitting wood though as it will only cut in about 6" before you hit the back of the D-frame. These are common with youth groups who do bush/trail work.
Mike