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

In today's edition, Brendan and Austin discuss recent earnings out of Emerson Electric and the company's future prospects. While the company's earnings were somewhat disappointing, Austin and Brendan like that Emerson has continued to focus on growth despite the economic downturn. If you've been looking at Emerson, this could be a good time to get in for cheap for the long term.