your pe and div yield calculations do not rely on current...

your pe and div yield calculations do not rely on current estimates but past results, hence do not mean anything, eps avg estimate for current year ending june 08 is 85 cents. I think this is still too high, even accounting for "one" of Liberty accountabilities. first half eps 27 cents, this would mean doubling this for second half. Even then 85 cents is PE of 4.51. Most importantly cost management has been disastrous, EBITDA to gross revenue is 3.9 % compared to 2007 14 %
Yeild 0.09 first half, lets double that for second half, gives you 27 cents full year. Yield is 7 %.
Things are not so cheap, if you look to the future rather than the past