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 110,000-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 (as signified by four- and five-star ratings) could be a sign that further research is in order.

Here are three such stocks:

 

Today’s Low

Industry

CAPS Rating

Fools Saying Outperform

Chipotle Mexican Grill, Inc. (NYSE:CMG)

$67.25

Leisure

***

1,680 of 1,924

Allegheny Technologies, Inc. (NYSE:ATI)

$46.96

Metals and mining

****

919 of 964

The Corporate Executive Board Company (NASDAQ:EXBD)

$34.70

Diversified services

****

357 of 380

Source: Motley Fool CAPS, as of July 24, 2008.

Five-star leisure companies

  • Melco PBL Entertainment (Macau) Limited (NASDAQ:MPEL): Stock price is 38.3% cheaper than last year.
  • The9 Limited (ADR) (NASDAQ:NCTY): Stock price is 45.3% cheaper than last year.

Five-star metals and mining companies

  • Freeport-McMoRan Copper & Gold, Inc. (NYSE:FCX): Stock price is 0.2% cheaper than last year.
  • BHP Billiton Limited (ADR) (NYSE:BHP): Stock price is up 6.8% in the past year.

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