3 Stocks Hitting Low Notes
By
Motley Fool Staff
August 27, 2008
|
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 115,000-plus investors participating in Motley Fool CAPS to see what the community is saying about stocks hitting 52-week lows yesterday. 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 |
Yesterday’s Adjusted Close
|
Industry
|
CAPS Rating (out of 5)
|
Fools Saying Outperform
|
|
CTC Media, Inc. (Nasdaq: CTCM)
|
$19.59
|
Broadcasting - TV
|
|
119 of 126
|
|
Micron Technology, Inc. (NYSE: MU)
|
$4.24
|
Semiconductor- Memory Chips
|
|
487 of 570
|
|
Avanex Corp (Nasdaq: AVNXD)
|
$6.35
|
Semiconductor - Integrated Circuits
|
|
135 of 152
|
Source: Motley Fool CAPS, as of Aug. 27, 2008.
Five-star broadcasting -- TV company:
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Grupo Televisa, S.A. (ADR) (NYSE: TV): Stock price is 6% lower than last year.
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