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These shares are at 52-week lows or worse: Are they in the bargain bin?

This month the Australian share market has been a disappointing performer and dropped notably lower.

Unsurprisingly, this has led to a number of shares falling to 52-week lows or worse. Three that hit this unwanted milestone yesterday are listed below. Is this a buying opportunity?

The Audio Pixels Holdings Ltd (ASX: AKP) share price dropped to a 52-week low of $11.90 on Monday. Investors appear to be losing patience with the digital speaker developer after several years of activity with little to show for it. Considering the company still has a market capitalisation of approximately $330 million and looks to be some way off creating a final product, I wouldn’t be surprised if its shares continued to slide meaningfully lower from here over the next 12 months.

The Experience Co Ltd (ASX: EXP) share price tumbled to an all-time low of 37 cents yesterday. This adventure company’s shares have been under significant pressure over the last 12 months after a series of poor weather events led to the loss of a large amount of trading days for many of its businesses. While that was a disappointment, barring any unforeseen weather events, I believe the company will bounce back strongly in FY 2019. As does its management team which recently provided revenue guidance of between $165 and $175 million and normalised EBITDAI guidance of between $37 million and $41 million. This compares to revenue of $135.3 million and normalised EBITDAI of $30.2 million in FY 2018.

The Syrah Resources Ltd (ASX: SYR) share price fell to a multi-year low of $2.25 on Monday. This latest decline meant the shares of the graphite miner have now lost 52% of their value since the start of the year. Concerns over the oversupply of the battery making ingredient have weighed heavily on its shares this year. The fact that Syrah only shifted 72% of its produce in the first half didn’t help ease these concerns. In addition to this, Syrah recently raised $94 million at a significant discount. I would stay clear of Syrah for the time being and wait for its performance to improve.

Instead of Syrah I would be buying these blue chips with strong growth potential.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of EXPERNCECO FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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