<SYSTEM_TASK:>
Solve the following problem using Python, implementing the functions described below, one line at a time
<END_TASK>
<USER_TASK:>
Description:
 def transform(self, value, **kwargs):
 """ Primary function which handles recursively transforming values via their serializers """

        if value is None:
            return None

        objid = id(value)
        if objid in self.context:
            return '<...>'
        self.context.add(objid)

        try:
            for serializer in self.serializers:
                try:
                    if serializer.can(value):
                        return serializer.serialize(value, **kwargs)
                except Exception as e:
                    logger.exception(e)
                    return text_type(type(value))

            # if all else fails, lets use the repr of the object
            try:
                return repr(value)
            except Exception as e:
                logger.exception(e)
                # It's common case that a model's __unicode__ definition
                # may try to query the database which if it was not
                # cleaned up correctly, would hit a transaction aborted
                # exception
                return text_type(type(value))
        finally:
            self.context.remove(objid)