ANNUAL MEETING

SYRACUSE, N.Y. -- Penn Traffic Co. here is poised for growth, Joseph V. Fisher, president and chief executive officer, told the company's annual meeting here last week.ny's decision to institute a stock buyback program involving up to $10 million worth of stock reflects its progress, Fisher told shareholders."Because the company's debt levels are significantly below our original expectations, we believe

SYRACUSE, N.Y. -- Penn Traffic Co. here is poised for growth, Joseph V. Fisher, president and chief executive officer, told the company's annual meeting here last week.

ny's decision to institute a stock buyback program involving up to $10 million worth of stock reflects its progress, Fisher told shareholders.

"Because the company's debt levels are significantly below our original expectations, we believe we can simultaneously implement our capital investment program and use a

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