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 yesterday. 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

Yesterday’s Adjusted Close

Industry

CAPS Rating (out of 5)

Fools Saying Outperform

CTC Media, Inc. (NASDAQ:CTCM)

$19.59

Broadcasting - TV

5 Stars

119 of 126

Micron Technology, Inc. (NYSE:MU)

$4.24

Semiconductor- Memory Chips

3 Stars

487 of 570

Avanex Corp (NASDAQ:AVNXD)

$6.35

Semiconductor - Integrated Circuits

3 Stars

135 of 152

Source: Motley Fool CAPS, as of Aug. 27, 2008.

Five-star broadcasting -- TV company:

  • Grupo Televisa, S.A. (ADR) (NYSE:TV): Stock price is 6% lower 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 yesterday'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.