When a stock hits a fresh low, it can either be a signal of 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 120,000-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

priceline.com (NASDAQ:PCLN)

$50.98

Internet Service Providers

2 Stars

541 of 651

Actions Semiconductor (ADR) (NASDAQ:ACTS)

$1.90

Semiconductor -- Specialized

4 Stars

428 of 444

Volcom (NASDAQ:VLCM)

$9.97

Textile -- Apparel Footwear & Accessories

4 Stars

2,104 of 2,198

Source: Motley Fool CAPS, as of Oct. 24, 2008.

Top-rated Internet service providers:

  • Internet Initiative Japan (ADR) (NASDAQ:IIJI): Stock price is 69% lower than last year.
  • Commtouch Software (NASDAQ:CTCH): Stock price is 76% lower than last year.

Top-rated semiconductor -- specialized companies:

  • Microchip Technology (NASDAQ:MCHP): Stock price is 30% lower than last year.

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