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

Sonic Corp (NASDAQ:SONC)

$10.79

Restaurants

3 Stars

336 of 370

Amazon.com, Inc. (NASDAQ:AMZN)

$49.40

Internet Software & Services

2 Stars

2287 of 3237

Sears Holdings Corp (NASDAQ:SHLD)

$61.10

Department Stores

2 Stars

1578 of 2002

Source: Motley Fool CAPS, as of Oct. 15, 2008.

Top-Rated restaurants companies:

  • McDonald's Corp (NYSE:MCD): Stock price is 3% lower than last year.
  • Buffalo Wild Wings (NASDAQ:BWLD): Stock price is 17% lower than last year.

Top-Rated internet software & services companies:

  • AsiaInfo Holdings, Inc. (NASDAQ:ASIA): Stock price is 7% lower than last year.
  • Art Technology Group, Inc. (NASDAQ:ARTG): Stock price is 20% lower than last year.

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