No, long methods are not alwayalways bad.
In the book Code Complete, it is measured that long methods are sometimes faster and easier to write, and don't lead to maintenance problems.
In fact, what is really important is to stay DRY and respect separation of concerns. Sometime, the computation is just long to write, but really won't cause issue in the future.
However, from my personal experience, most long methods tend to lack separation of concern. In fact, long methods are an easy way to detect that something MAY be wrong in the code, and that special care is required here when doing code review.
EDIT: As comments are made, I add an interesting point to the answer. I would in fact also check complexity metrics for the function (NPATH, cyclomatic complexity or even better CRAP).
In fact, I recommend to not checking such metrics on long functions, but to include alert on them with automated tools (such as checkstyle for java for instance) ON EVERY FUNCTION.