Since going public last month, Facebook has gotten intense media attention, even as it’s struggled out of the gate. Now trading more than 20% lower than its offering price, is it a bargain worth buying?

In an hourlong interview last week in Washington, D.C., I put that question to Eddy Elfenbein, who writes about stocks at Crossing Wall Street. Elfenbein, a long-term, fundamentals-oriented investor, was named by CNNMoney as “the best buy-and-hold blogger” on the Web. (Check out his free newsletter here.)

You can view our conversation here (run time: 2:29), or see the transcript below:

Fool.com managing editor Brian Richards does not own shares of Facebook. The Motley Fool owns shares of Facebook. 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.