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 Price

Industry

CAPS Rating (out of 5)

Fools Saying Outperform

Ciena Corp (NASDAQ:CIEN)

$13.07

Communication Equipment

3 Stars

301 of 354

Sony Corp (ADR) (NYSE:SNE)

$36.72

Electronic Equipment

2 Stars

1015 of 1408

Terex Corp (NYSE:TEX)

$37.29

Farm & Construction Machinery

5 Stars

1073 of 1093

Source: Motley Fool CAPS, as of Sept. 4, 2008.

Top-rated communication equipment companies:

  • DIRECTV Group, Inc. (NASDAQ:DTV): Stock price is 17% higher than last year.
  • Radyne Corp (NASDAQ:RADN): Stock price is 6% higher than last year.

Top-rated electronic equipment companies:

  • Koninklijke Philips Electronics NV (ADR) (NYSE:PHG): Stock price is 18% lower than last year.

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