The following video is part of our "Motley Fool Conversations" series, in which industrials editor and analyst Brendan Byrnes and consumer-goods editor and analyst Austin Smith discuss topics around the investing world.

In today's edition, Brendan and Austin discuss Berkshire Hathaway's 2012 annual shareholder meeting. Brendan recently returned from the meeting in Omaha, Neb., and offers his key takeaways. Some of them include: 

  • Buffett's statement, for all practical purposes, that he believes Berkshire's stock is undervalued.
  • Buffett's comments on dividends, Apple and Google.
  • What Buffett looked for before deciding on Berkshire's next CEO. 

Berkshire's stock looks incredibly cheap, with relatively little downside, but it's not the only stock that we're bullish on right now. Every now and again, we come across a stock that has us so excited we can hardly contain our investing enthusiasm. We've uncovered one such pick with so much promise that we've dubbed it "The Motley Fool's Top Stock for 2012." The report highlights a soon-to-be rock star that's revolutionizing commerce in Latin America, and you can get instant access to the name of this company by clicking here to download it now.