Dont be fooled by the $19 book value, fair value is proberbly zero.
I was having the same issue with a shipping stock, GSL... I sold at loss last week, because loan to value LTV went through the roof. I sucks to own a stock when their assets belongs to the bank becuase of declines in assets values. Sure their ships are leased 10 years into the future, but they are forced to cancel dividends, because the bank wants that money.
I recomend buying into BDC's when they come down a bit. look out for AINV, its a buy at $5. KCAP is a buy right now.
I love only paying 30 cents on the dollar on my investments and knowing what their assets are worth at todays price... This means huge upside once we recover... KCAP will be $11 by next year and in the meantime I will get payd 22% in dividends...