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


CAPS Rating (out of 5)

Fools Saying Outperform

Immersion Corp (NASDAQ:IMMR)


Computer Hardware


967 of 991

AT&T, Inc. (NYSE:T)




3,562 of 3,783

Toyota Motor Corp (ADR) (NYSE:TM)




2,834 of 2,994

Source: Motley Fool CAPS, as of Aug. 4, 2008.

Five-Star Computer Hardware Companies

EMC Corp (NYSE:EMC) -- stock price is 21.2% cheaper than last year.
Secure Computing Corp (NYSE:SCUR) -- stock price is 49.8% cheaper than last year.

Four- and Five-Star Automotive Companies

Honda Motor Co., Ltd. (ADR) (NYSE:HMC) -- stock price is 10.4% cheaper in the past year.
Wonder Auto Technology, Inc. (NYSE:WATG) -- up 28.7% in the past year.

Come and join us on CAPS to learn more about these and countless other interesting stock ideas. Click here to sign up.

Fool analyst Dan Dzombak does not have a financial position in any of the stocks mentioned in this article. Wonder Auto Technology is a Motley Fool Global Gains pick. Immersion is a Motley Fool Rule Breakers recommendation. Try any of our Foolish newsletters today, free for 30 days. The Motley Fool has a disclosure policy.