I recently found a Thorens TD-150 AB for sale at a good price. I have little to no experience with turntables and wanted to know if this would make a good starter deck. Seller claims it works well but it does not come withthe headshell or dust cover. Would this be a good investment?

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It depends on the condition and the price. It's a classic. The TD 150 mk1 was either the first or second (or the AR) suspended turntable ever made in 1963. The TD 150 mkII came out about 1968. The difference was the tonearm. The AB suffix means that it came with the tonearm.
It's comparable to a Thorens TD 160 (which means it is good). You will have to be willing to research the table and probably do some maintenance on it. It can be upgraded and tweaked. A headshell can be bought on eBay quite easily. Also a dustcover, but these can be pricey.
The table usually sells for $150. on the low end to $250.

Here's a picture of a MKII. It had the ball-shaped tonearm counterweight and anti-skating. The MkI had the rectangular counterweight and no anti-skating. They both sound equally good. The Mk1 is a little more collectible.