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 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 Intraday Price

Industry

CAPS Rating (out of 5)

Fools Saying Outperform

International Assets Holding Corp (NASDAQ:IAAC)

$16.88

Asset Management

3 Stars

358 of 376

Flamel Technologies S.A. (ADR) (NASDAQ:FLML)

$6.10

Drug Delivery

4 Stars

389 of 421

CPFL Energia S.A. (ADR) (NYSE:CPL)

$41.86

Foreign Utilities

5 Stars

530 of 536

Source: Motley Fool CAPS, as of Oct. 8, 2008.

Top-rated asset management companies:

  • Westwood Holdings Group, Inc. (NYSE:WHG): Stock price is 25% higher than last year.
  • American Physicians Service Group, Inc. (NASDAQ:AMPH): Stock price is 5% lower than last year.

Top-rated drug delivery companies:

  • Matrixx Initiatives, Inc. (NASDAQ:MTXX): Stock price is 20% lower than last year.
  • Alkermes, Inc. (NASDAQ:ALKS): Stock price is 38% lower than last year.

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