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 110,000-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 (as signified by four- and five-star ratings) could be a sign that further research is in order.

Here are three such stocks:

	Today’s Low	Industry	CAPS Rating (out of 5)	Fools Saying Outperform
Reddy Ice Holdings, Inc. (NYSE: FRZ)	$10.07	Food & Beverage	**	53 of 68
American Electric Power Company, Inc. (NYSE: AEP)	$38.12	Utilities	****	252 of 265
The Geo Group, Inc. (NYSE: GEO)	$18.47	Diversified Services	***	104 of 111

Source: Motley Fool CAPS, as of Aug. 7, 2008.

Five-Star Food & Beverage Companies
Molson Coors Brewing Company (NYSE: TAP) -- up 10.3% in the past year.
PepsiCo, Inc. (NYSE: PEP) -- up 2.3% in the past year.

Five-Star Utility Companies
Public Service Enterprise Group, Inc. (NYSE: PEG) -- stock price is 4.4% cheaper than a year ago.
TransCanada Corp (NYSE: TRP) -- up 10.7% in the past year.

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