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. |
$19.59 |
Broadcasting - TV |
|
119 of 126 |
|
Micron Technology, Inc. |
$4.24 |
Semiconductor- Memory Chips |
|
487 of 570 |
|
Avanex Corp |
$6.35 |
Semiconductor - Integrated Circuits |
|
135 of 152 |
Source: Motley Fool CAPS, as of Aug. 27, 2008.
Five-star broadcasting -- TV company:
-
Grupo Televisa, S.A. (ADR)
(NYSE:TV) : Stock price is 6% lower than last year.
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