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 120,000-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

Whole Foods Market, Inc. (NASDAQ:WFMI)

$12.80

Grocery Stores

3 Stars

3628 of 4070

Logitech International SA (USA) (NASDAQ:LOGI)

$15.61

Computer Peripherals

5 Stars

604 of 621

ENGlobal Corp (NASDAQ:ENG)

$5.07

Technical Services

5 Stars

312 of 321

Source: Motley Fool CAPS, as of Oct. 21, 2008.

Top-rated grocery store company:

  • Village Super Market, Inc. (NASDAQ:VLGEA): Stock price is 7% lower than last year.

Top-rated computer peripherals companies:

  • iCAD, INC. (NASDAQ:ICAD): Stock price is 4% lower than last year.
  • Universal Display Corp (NASDAQ:PANL): Stock price is 40% lower than last year.

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