I have never, in many years of party membership met a LibDem who would ever see themselves as to the right of the conservatives PippaZ. However there have been instances where we were on some policies to the left of the Labour Party which is in many ways conservative with a small "c". We do believe in having a mixed economy, but the ownership of companies should not be the main issue, rather what would best serve our communities.
Speaking personally, I joined the Liberals in the 1970s because we had moved to a part of the country where there were only two parties the Liberals and the Tories. The Labour Party hardly existed, although there was a time when our local Tory Councillor was so worried about being defeated by our Liberal candidate that she persuaded the postman (a very popular chap) to stand for Labour by telling him that his union would pay his costs, which they did. I am glad to say she was still beaten by the Liberal!
When the SDP was formed and we met the local members, I thought that they were just the same as us except that they had taken a bit longer to come to the same conclusion, that social democracy was preferable to the entrenched policies of the union dominated Labour Party. Because of the undemocratic FPTP system of elections, it is difficult enough for one centre left party to compete, let alone two and so merging was the best way forward. Although I have probably never at any time believed in every single party policy, I very much identified with leaders like Roy Jenkins, David Steel, Shirley Williams and Paddy Ashdown and I think in the present difficult circumstances, Ed Davey is doing a good job..
There is no need for anyone who believes in trying to build a fair society ever feeling politically homeless.