3 Stocks Hitting Low Notes

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When a stock hits a fresh low, it can either signal a dirt-cheap dream stock or a dreadful stock to avoid. Separating the wheat from the chaff is difficult, but finding well-run companies at bargain-basement prices is a great way to accumulate a fortune over the long run.

With that in mind, we'll use the aggregate intelligence of the 110,000-plus investors participating in Motley Fool CAPS to see what the community is saying about stocks hitting 52-week lows today. The community's approval, signified by four- and five-star ratings, could indicate that further research is in order.

Here are three such stocks:

Company	Today’s Low	Industry	CAPS Rating (Out of 5)	Fools Saying Outperform
iShares MSCI Spain Index (ETF) (NYSE: EWP)	$49.76	Closed-End Fund - Equity		96 of 110
Redwood Trust (NYSE: RWT)	$17.99	REIT - Diversified		101 of 142
Chindex International (Nasdaq: CHDX)	$11.93	Medical Equipment Wholesale		173 of 186

Source: Motley Fool CAPS, as of Aug. 18, 2008.

Other REIT-diversified companies:

• Anworth Mortgage Asset (NYSE: ANH): Stock price is 42% higher than last year.
• Digital Realty Trust (NYSE: DLR): Stock price is 31% higher than last year.

Join us on CAPS to learn more about these and countless other interesting stock ideas.