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 three such stocks:

Company

Today’s Intraday Price

Industry

CAPS Rating (out of 5)

Fools Saying Outperform

ULTRASHORT MSCI Emerging Markets (NYSE:EEV)

$55.20

Funds

2 Stars

216 of 346

The Boston Beer Company, Inc. (NYSE:SAM)

$28.50

Beverages

4 Stars

800 of 852

Southwest Airlines Co. (NYSE:LUV)

$7.35

Airlines

3 Stars

911 of 1126

Source: Motley Fool CAPS, as of Dec. 11, 2008.

Top-rated funds companies:

  • CurrencyShares Japanese Yen Trust (NYSE:FXY): Stock price is 22% higher than last year.

Top-rated beverage companies:

  • Brown-Forman Corp (NYSE:BF-B): Stock price is 10% lower than last year.

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