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 (signified by four- and five-star ratings) could indicate that further research is in order.

Here are three such stocks:

Company

Today’s Low

Industry

CAPS Rating (out of 5)

Fools Saying Outperform

Internet Initiative Japan, Inc. (ADR) (NASDAQ:IIJI)

$6.67

Internet Service Providers

5 Stars

161 of 165

iShares MSCI Spain Index (ETF) (NYSE:EWP)

$49.99

Closed-End Fund - Equity

2 Stars

97 of 111

Northgate Minerals Corp (USA) (AMEX:NXG)

$1.63

Gold

4 Stars

1,401 of 1,450

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

Other Internet service providers:

  • EarthLink, Inc. (NASDAQ:ELNK): Stock price is 37% higher than last year.
  • priceline.com, Inc. (NASDAQ:PCLN): Stock price is 38% higher than last year.

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

Disclosure is important to us here at The Motley Fool. The stocks mentioned in this article received "five-star" ratings from participants in The Motley Fool's CAPS service and are showing strong percentage gains in today's market, at least compared with other CAPS five-star stocks. No individual person selected the stocks in this article, so there is no author to disclose an interest in them. Since this article was automatically generated by identifying the stocks loved both by the CAPS community and by buyers in today’s market, it is possible that Motley Fool personnel (and even The Motley Fool itself, through our Million Dollar Portfolio), have positions in these stocks. We thought you'd like to know that. You can learn more about The Motley Fool’s disclosure policy here.