The following video is part of our "Motley Fool Conversations" series, in which Motley Fool editors Andrew Tonner and Brendan Byrnes search for value in the market.

In today's edition, Brendan talks about Boeing and its recent international issues. Brendan doesn't think the company will benefit at all from the WTO's ruling that Airbus received more illegal subsidies from the EU than did Boeing from the U.S., but he does think Europe's carbon levies could actually help the Boeing. Brendan goes in-depth on this and why he believes the company is currently undervalued and a solid long-term value play.

Brendan Byrnes does not own shares of any company mentioned in this video. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. 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.