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

Nissan Motor Co., Ltd. (ADR) (NASDAQ:NSANY)

$5.89

Automobiles

3 Stars

234 of 266

Stone Energy Corp (NYSE:SGY)

$8.22

Oil, Gas and Consumable Fuels

4 Stars

285 of 301

Southwest Airlines Co. (NYSE:LUV)

$6.71

Airlines

3 Stars

968 of 1194

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

Top-rated automobiles companies:

  • Honda Motor Co., Ltd. (ADR) (NYSE:HMC): Stock price is 29% lower than last year.
  • Toyota Motor Corp (OTC BB: TOYOF): Stock price is 37% lower than last year.

Top-rated oil, gas and consumable fuels companies:

  • VAALCO Energy, Inc. (NYSE:EGY): Stock price is 78% higher than last year.
  • Concho Resources, Inc. (NYSE:CXO): Stock price is 14% higher than last year.

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