When this happens, even on cheap cues, I remove it, clean all the old crappy glue off, then screw it back together and using a grease pencil put a witness mark on the forearm and the collar...remove it and grind a slot in the threads aligned with the pencil mark on both the forearm and collar. I then screw a very small dia. delrin sleeve over the pin so no epoxy gets in the threads, or the pilot hole. Then I apply epoxy to both pieces and screw it on tight. Clean up the squeeze out, wait until the epoxy is thickened then remove the delrin sleeve. When dried, the 2 ground slots I cut will be filled with cured epoxy acting like a key to prevent it from coming loose if the epoxy lets go over time. I charge my 1 hr. shop rate for this job.