Analysis: Can Winn-Dixie do it?

Peter Lynch, Winn-Dixie's new president and CEO, and the Davis family, which owns more than 36% of the company, said filing for Chapter 11 bankruptcy was the right move for the troubled chain, but some analysts remain skeptical. BusinessWeek reported a private investment firm or the Davis family itself may be preparing to come to the company's rescue, but Winn-Dixie officials declined to comment on the speculation.

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