Piper Jaffray analyst Safa Rashtchy believes that the worst is over for Sohu.com (ticker: SOHU).
"We believe Sohu's issues, particularly in
wireless, have now hit a bottom and we will see improvements from this
point on. Sohu has been discounted back to reflect a
very weak performance and slow growth. We believe the picture is not
getting worse anymore. There is no reason, in our opinion, for the
stock to go further down as all of these issues are already in the
stock and we believe we have seen the worst already."