How bad is it? You'll wish you were watching paint dry.
Should you see it? No.
I've reviewed some films on this blog that have utter contempt for the children they aimed the film toward, but this one challenges them to endure it. A rancher turned prospector and an orphan girl just roaming the mountains (really?) adopt the cub of a circus bear and try to keep it from the evil clutches of the circus' owner. No one in this can act. The pacing is g-l-a-c-i-a-l. It's a Disneyesque film without any charm, but with some competent people involved off-camera.
There were TWO sequels.