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 (out of 5)

Fools Saying Outperform

Reddy Ice Holdings, Inc. (NYSE:FRZ)

$10.07

Food & Beverage

**

53 of 68

American Electric Power Company, Inc. (NYSE:AEP)

$38.12

Utilities

****

252 of 265

The Geo Group, Inc. (NYSE:GEO)

$18.47

Diversified Services

***

104 of 111

Source: Motley Fool CAPS, as of Aug. 7, 2008.

Five-Star Food & Beverage Companies
Molson Coors Brewing Company (NYSE:TAP) -- up 10.3% in the past year.
PepsiCo, Inc. (NYSE:PEP) -- up 2.3% in the past year.

Five-Star Utility Companies
Public Service Enterprise Group, Inc. (NYSE:PEG) -- stock price is 4.4% cheaper than a year ago.
TransCanada Corp (NYSE:TRP) -- up 10.7% 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. The Motley Fool has a disclosure policy.