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 130,000-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

The9 (NASDAQ:NCTY)

$9.06

Software

3 Stars

969 of 1006

Harris (NYSE:HRS)

$27.32

Communications Equipment

4 Stars

444 of 459

Meridian Bioscience (NASDAQ:VIVO)

$15.59

Healthcare Equipment and Supplies

4 Stars

454 of 465

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

Top-rated software companies:

  • TeleCommunication Systems (NASDAQ:TSYS): Stock price is 165% higher than last year.
  • Quality Systems (NASDAQ:QSII): Stock price is 63% higher than last year.

Top-rated communications equipment companies:

  • Arris Group (NASDAQ:ARRS): Stock price is 46% higher than last year.
  • F5 Networks (NASDAQ:FFIV): Stock price is 33% higher than last year.

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