The following video is part of our "Motley Fool Conversations" series, in which research analyst Catherine Baab-Muguira and industrials editor/analyst Isaac Pino discuss topics across the investing world.

In today's segment, Catherine and Isaac look at macro concerns and company-specific issues at Dow heavyweight Johnson & Johnson. For decades, this company has been a blue chip's blue chip -- one of the world's most recognized brands and one of the most widely followed and widely held stocks. But in more recent years, the company has stumbled and been forced to recall drugs. Now many value investors insist the stock is undervalued. Are they wrong?

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