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
Red Hat, Inc. (NYSE: RHT)	$14.98	Application Software		421 of 524
Cypress Semiconductor Corp (NYSE: CY)	$5.04	Semiconductor - Broad Line		606 of 639
Safeway, Inc. (NYSE: SWY)	$23.10	Grocery Stores		213 of 265

Source: Motley Fool CAPS, as of Sept. 30, 2008.

Top-rated application software companies:

• SXC Health Solutions Corp. (USA) (Nasdaq: SXCI): Stock price is 20% higher than last year.
• Intuit, Inc. (Nasdaq: INTU): Stock price is 1% lower than last year.

Top-rated semiconductor -- broad line companies:

• Silicon Image, Inc. (Nasdaq: SIMG): Stock price is 5% lower than last year.
• Analog Devices, Inc. (NYSE: ADI): Stock price is 28% lower than last year.

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