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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

$9.07

Software

3 Stars

798 of 871

iPath S&P GSCI Crude Oil Total Return Index ETN (NYSE:OIL)

$23.35

Funds

3 Stars

322 of 391

Stone Energy Corp (NYSE:SGY)

$9.96

Oil, Gas and Consumable Fuels

3 Stars

247 of 263

Source: Motley Fool CAPS, as of Dec. 18, 2008.

Top-rated software companies:

  • TeleCommunication Systems, Inc. (NASDAQ:TSYS): Stock price is 155% higher than last year.
  • NAVTEQ Corp (NYSE:NVT): Stock price is 72% higher than last year.

Top-rated funds:

  • CurrencyShares Japanese Yen Trust (NYSE:FXY): Stock price is 26% higher than last year.
  • POWERSHS DB MULTI SECT COMM (NYSE:DGL): Stock price is 3% higher than last year.

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