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

PROSHARES (NYSE:SH)

$70.50

Fund Manager

2 Stars

226 of 367

Dow Chemical (NYSE:DOW)

$15.27

Chemicals

5 Stars

1,728 of 1,826

Source: Motley Fool CAPS, as of Jan. 2, 2009.

Top-Rated Chemical Companies:

  • Sociedad Quimica y Minera (ADR) (NYSE:SQM): Stock price is 48% higher than last year.
  • Balchem (NASDAQ:BCPC): Stock price is 17% higher than last year.

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