Note 4. Investments

3 Months Ended

Dec. 18, 2013

Note 4. Investments

Note 4. Investments

Investments consisted of the following:

	December 18, 2013	September 25, 2013
Cost  ...........................................................................................................................................	$         50,884	$           50,884
Gross unrealized gains  ...........................................................................................................	40,386	34,595
Gross unrealized losses  .........................................................................................................	-	-
Fair value  ..................................................................................................................................	$         91,270	$           85,479

As of December 18, 2013 and September 25, 2013 the Company’s investments were largely concentrated in the common stock of one investee, Cracker Barrel Old Country Store, Inc. 

Investment gains/losses are recognized when investments are sold (as determined on a specific identification basis) or as otherwise required by GAAP. The timing of realized gains and losses from sales can have a material effect on periodic earnings. However, such realized gains or losses usually have little, if any, impact on total shareholders’ equity because the investments are carried at fair value with any unrealized gains/losses included as a component of accumulated other comprehensive income in shareholders’ equity.  We believe that realized investment gains/losses are often meaningless in terms of understanding reported results. Short-term investment gains/losses have caused and may continue to cause significant volatility in our results.

Realized investment gains/losses were as follows:

	December 18, 2013	December 19, 2012
Gross realized gains on sales  ..................................................................................................	$                  -	$                    1
Gross realized losses on sales  ................................................................................................	-	-
Total realized gains/losses  ......................................................................................................	$                  -	$                    1