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 125,000-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

Bank of America Corp (NYSE:BAC)

$7.22

Diversified Financial Services

3 Stars

6445 of 7344

Zions Bancorporation (NASDAQ:ZION)

$16.92

Commercial Banks

1 Stars

141 of 286

Rex Energy Corp (NASDAQ:REXX)

$2.25

Oil, Gas and Consumable Fuels

4 Stars

284 of 290

Source: Motley Fool CAPS, as of Jan. 16, 2009.

Top-rated diversified financial services companies:

  • Portfolio Recovery Associates, Inc. (NASDAQ:PRAA): Stock price is 5% lower than last year.
  • PICO Holdings, Inc. (NASDAQ:PICO): Stock price is 19% lower than last year.

Top-rated commercial banks companies:

  • Umpqua Holdings Corp (NASDAQ:UMPQ): Stock price is 25% lower than last year.
  • Bancolombia S.A. (ADR) (NYSE:CIB): Stock price is 25% lower than last year.

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