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 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 two such stocks:

Company

Today’s Intraday Price

Industry

CAPS Rating (out of 5)

Fools Saying Outperform

Columbia Sportswear Company (NASDAQ:COLM)

$26.38

Textiles, Apparel and Luxury Goods

4 Stars

532 of 577

Aladdin Knowledge Systems Ltd. (NASDAQ:ALDN)

$6.88

Software

3 Stars

301 of 320

Source: Motley Fool CAPS, as of Nov. 25, 2008.

Top-rated textiles, apparel and luxury goods companies:

  • Carter's, Inc. (NYSE:CRI): Stock price is 18% lower than last year.
  • Nike, Inc. (NYSE:NKE): Stock price is 21% lower than last year.

Top-rated software companies:

  • TeleCommunication Systems, Inc. (NASDAQ:TSYS): Stock price is 144% higher than last year.
  • NAVTEQ Corp (NYSE:NVT): Stock price is 72% higher than last year.

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