ff, I see your point. Now, lets break this down to real numbers:
Mkt cap 800,000
Subscriptions: 100,000 (if lucky)(very lucky)
That's a mkt cap/sub rate (rather than P/E, hah)
8/1 sounds pretty conservative to me fogettabout earnings,BUT, not to worry they are still PRINTING issues!!!
Kinda reminds one of the old joke : "hows business ? GREAT! we are not making a profit but we are making it up in volume..... fofl.