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

Acergy S.A. (ADR) (NASDAQ:ACGY)

$15.47

Oil & Gas Equipment & Services

5 Stars

437 of 455

Seabridge Gold, Inc. (USA) (AMEX:SA)

$13.52

Gold

2  Stars

314 of 380

BP plc (ADR) (NYSE:BP)

$54.01

Major Integrated Oil & Gas

4 Stars

1931 of 2049

Source: Motley Fool CAPS, as of Sept. 3, 2008.

Top-rated oil & gas equipment & services companies:

  • Boots & Coots Intl. Well, Inc. (AMEX:WEL): Stock price is 134% higher than last year.
  • Lufkin Industries, Inc. (NASDAQ:LUFK): Stock price is 48% higher than last year.

Top-rated gold companies:

  • Rio Tinto plc (ADR) (NYSE:RTP): Stock price is 25% higher than last year.
  • Kinross Gold Corp (USA) (NYSE:KGC): Stock price is 23% 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 their CAPS ratings from participants in The Motley Fool's CAPS service and have hit 52-week lows during yesterday's trading. No individual person selected the stocks in this article, so there is no author to disclose an interest in them. Annual performance is measured over a 365-day period. Since this article was automatically generated by identifying the stocks rated 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.