Basically it's Winchesters version of the Remington Sendero. A heavy barrel long range style rifle.
I am pretty sure Winchester used the same HS Precision stock for the laredo as Remington does on the sendero. I don't think they have fluted barrels as an option but are (were) available with the BOSS system if you wanted it.
I think they usually sell for about $600 - $700 used for the gun alone.
Here is an auction for one so you can see what they look like.
http://www.auctionarms.com/search/displayitem.cfm?itemnum=7231700&aa=%20Winchest er%20Repeating%
20Arms%20Company%20%20Model%2070%20classic%20Lared o%207mm%20mag%20NO%20RESERVE