It's not ugly, but it's very unusual and unfamiliar. This in itself isn't a problem necessarily, but the fact that its sound is so close to Margaret makes it sound like a weird mispronunciation of Margaret, like a little kid or somebody with a foreign accent.
But it is more interesting that Margaret, that's for sure.
You're entitled to your own opinions. You're not entitled to your own facts. -- Daniel Patrick Moynihan