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

CNH Global (NYSE:CNH)

$10.04

Machinery

4 Stars

274 of 295

Logitech International (NASDAQ:LOGI)

$10.52

Computers and Peripherals

4 Stars

707 of 731

Portfolio Recovery Associates (NASDAQ:PRAA)

$24.59

Diversified Financial Services

5 Stars

3360 of 3457

Source: Motley Fool CAPS, as of Jan. 23, 2009.

Top-Rated machinery companies:

  • Colfax (NYSE:CFX): Stock price is % lower than last year.
  • Energy Recovery (NASDAQ:ERII): Stock price is % lower than last year.

Top-Rated computers and peripherals companies:

  • Synaptics (NASDAQ:SYNA): Stock price is 7% higher than last year.
  • QLogic (NASDAQ:QLGC): Stock price is -8% lower than last year.

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