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 115,000-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 Intraday Price	Industry	CAPS Rating (out of 5)	Fools Saying Outperform
Metalico, Inc. (AMEX: MEA)	$7.27	Steel & Iron		1039 of 1064
Qiao Xing Universal Telephone, Inc. (Nasdaq: XING)	$3.12	Communication Equipment		545 of 577
Spartan Motors, Inc. (Nasdaq: SPAR)	$4.01	Trucks & Other Vehicles		399 of 420

Source: Motley Fool CAPS, as of Sept. 12, 2008.

Top-rated steel & iron companies:

• Northwest Pipe Company (Nasdaq: NWPX): Stock price is 58% higher than last year.
• Olympic Steel, Inc. (Nasdaq: ZEUS): Stock price is 50% higher than last year.

Top-rated communication equipment companies:

• DIRECTV Group, Inc. (Nasdaq: DTV): Stock price is 26% higher than last year.
• Radyne Corp (Nasdaq: RADN): Stock price is 6% higher than last year.

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