A LEANER PENN TRAFFIC EYES REORGANIZATION

SYRACUSE, N.Y. -- Penn Traffic here said it expects the second time will be the charm, while industry observers expressed mixed feelings about the company's long-term viability.After filing its plan of reorganization with the U.S. Bankruptcy Court here last week -- moving the company closer to emerging from its second bankruptcy in five years -- Penn Traffic told SN it believes the key to success

SYRACUSE, N.Y. -- Penn Traffic here said it expects the second time will be the charm, while industry observers expressed mixed feelings about the company's long-term viability.

After filing its plan of reorganization with the U.S. Bankruptcy Court here last week -- moving the company closer to emerging from its second bankruptcy in five years -- Penn Traffic told SN it believes the key to success this time is its total restructuring.

"The last time around, Penn Traffic went t

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