It appears Nelson Peltz is feeling rather bearish about fast-casual chains. The well-known investor has proven his Midas touch first as an '80s corporate wizard and cohort of Michael Milken, then as the Snapple and Heinz savior. Peltz's recent filings show he is now throwing his dollars at quick-service restaurants like Carl's Jr., Hardee's and Krispy Kreme and shedding former fast-casual darlings P.F. Chang's China Bistro Inc. and The Cheesecake Factory Inc. Those chains better start thinking of a new strategy fast, like drive-thrus, cheaper food and perhaps ads staring Paris Hilton.
—Posted by Kenneth Hein